Dow Breaks 9000, General Motors Downgraded

Back in 1955, Charlie Wilson, then chairman of General Motors famously said “What is good for General Motors is good for America”.

53 years later and the stock is at a 58 year low after GM was downgraded. Mattel, the toy car maker, now has twice the capitalisation of General Motors. Not good for America… or the UK, FTSE 4000 could be smashed tomorrow…




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Quote of the Day

Rowan Atkinson tells The Times

“All jokes about religion cause offence, so it’s pointless apologising for them. You should really only apologise for a bad joke. On that basis, no apology is required.”

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