Friday, June 20, 2008

Remember when ?????

It used to be said that so goes General Motors so goes the economy . . . . well, let's check here a little . . . back in October, 2007 GM was trading around $42/sh . . . . last check $13.79. OK, let's check on another big auto company, Ford . . . . last October it was trading at $9.75 . . . . drum roll, update . . . . closing today at $5.81.

Wow, that's some pain for the "buy and holders" of big auto.

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