Just a couple of months after hitting a 52-week high at $43.20, GM (GM) touched a new 52-week low today at $27.94. Maybe it was word that some auto industry experts think car sales could fall over 10% in 2008, which would demolish that GM North America turnround plans. Or, perhaps it was more news that oil prices are moving higher and default rates on homes will probably rise through the end of the year.
It was a short respite.
Douglas A. McIntyre
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