In the news this morning, General Motors announced a $3.3 billion first-quarter loss, due to a weak U.S. market, a strike at a major supplier and plummeting sales of sport utility vehicles and pickups. So, obviously, its shares rose $1.20, or 5.7 percent, to $22.40 in pre-market trading. Which makes a s much fucking sense as Bush claiming we are winning in Iraq. Ray Young, GM's executive vice president and chief financial officer, said analysts may be underestimating GM's overseas growth. He also said GM is making progress in cutting costs in North America. Oh well, if I was dumb enough to be a GM shareholder, I'd be dancing in the streets. In what has to be the quote of the fucking week, he went on to say... "The North American turnaround is occurring!" He probably thinks we're winning in Iraq as well!
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Welcome to the stock market!