Quote:
Originally Posted by m21sniper
If GM goes under another panic sell off is going to happen in the market. Haha, it'll be a blood bath.
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Probably to some extent but not as bad as you might think. I'm willing to bet a lot of that is already priced into the markets today. I figure a GM BK is seen as a virtual inevitability by most sophisticated market players and traders and while it would bomb the DOW for a few days, it probably wouldn't massacre it. There would be declines and there would be other declines in affiliated companies but a lot of it honestly has been seen as "coming" for a while. Only a very, very foolish business owner or investor would be so Polyannaish about GM as to think this was going to end "just fine" and take no action to prepare for a complete evaporation of that market segment.