Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Detroit Rock City

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

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…………

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.