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Detroit Rock City

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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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