Detroit Rock City

If you wanted to guess one of the most incredible stocks of the past ten months. Roaring over 200%, which has just set a lifetime high price in its long history, you probably wouldn’t get it: General Motors. Yes, the same GM that would have gone bankrupt in 2008 were it not for the emergency bailout from the federal government.

Looking at the long-term trend of vehicle sales, this seems a bit incongruous. But long gone are the days when the market actually made rational sense. But just FYI…………

 

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