Tag Archives: GMAC
More new highs in store! Stock prices found their footing this week as bond yields finally backed off a bit. Given the momentum now in place, it’s almost certain that the blue chip stock indexes will break out to additional new all-time highs before the end of June.
Over the long pull, I’m not at all sure. The world’s #1 auto maker has lost market share to foreign competitors for 30 years, and the company’s heavy retiree-benefit obligations could eventually sink the ship. Well before that happens, though, I expect GM to undertake a series of “restructuring” (life-saving) efforts.