GM

I cannot help but laugh when the GM IPO is cited as a reason the market should rally. Markets are about supply and demand and $20 billion of supply is a clear negative. Maybe a lot of the selling we saw this week was to make room for the GM IPO, but its also possible that there will be more selling tomorrow. We will find out soon enough. Have a good night.

1 comment:

Chaos! said...

The government has a vested interest in getting this dog out the door. That probably means the market's ok for a day or two.
The "Plunge Protection Team" has a big wallet.