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Stocks General Motors Co

  • And still we wait for a bottom, scanning the horizon like sailors lost at sea. We look for the classic signs, including a capitulation bottom, which is not evident. On the Street, bitter complaints we are Oversold and due for a bounce, but are we Oversold, or Underbought.

  • The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

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    So who do you blame for high gas prices? According to the latest survey from Consumer Reports, the fault lies with the federal government for not having a national energy policy. This is not a Republican complaint or a Democrat complaint, it's a government complaint.

  • So let's see, we have problems: 1) it's another beat-up-the-brokers day, let's take the estimates down (see below); 2) With the Fed out of the way, it is now all about second half earnings and guidance. Several important companies have been notably downbeat on their outlooks today:

  • Stocks tumbled out of the gate Thursday after a downgrade on brokerage stocks and disappointing earnings from two tech giants.

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    Let me be clear about what a mis-guided and bad idea this would be. As a friend of mine said when I brought this up, "Two wrongs do not make a right." Right now, these guys are going in the wrong direction for similar reasons and there's little reason to believe a marriage would make things right.

  • How should you trade sector leaders and laggards as the quarter draws to a close?

  • Over the last three weeks, I have heard the same thing over and over, often from those who think I'm partial to Toyota. It goes something like this: "You never say when things go wrong for Toyota." Well, for all of you, Toyota Phil has a news flash: Toyota says it will be falling short of its sales goal for the U.S.

  • Ford

    For those who are on a death watch for GM and Ford, the words of CNBC's and Street.com's Jim Cramer are the kind of affirmation they've been looking for.

  • General Motors

    General Motors initiated a series of steps on Monday from cutting production of trucks to offering aggressive incentives to combat the drop in demand for large vehicles amid record-high gas prices.

  • United Parcel Services' after the bell earnings warning and the continued meltdown in financial stocks are casting a negative tone on the market ahead of Tuesday's open.

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    The Dow ended little changed on Monday as renewed concerns about the outlook for financial shares offset gains in energy stocks. What's the "Word on the Street?"

  • Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • General Motors says it will further cut production of trucks and sport utility vehicles from the summer through the end of the year.

  • Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • Longbow Research's Lee Klaskow says railroads are feeling the effects of Midwestern flooding. But he's still buying stocks.

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    GM has crossed below $13 / share for the first time since 1975.

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    With Standard and Poor's putting GM, Ford, and Chrysler (and their respective finance companies) on credit watch with negative implications, the big issue is not just the deteriorating auto market, it's the potential liquidity crisis looming for these firms.

  • Stocks fell sharply Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector. Rounding the bend toward the closing bell, the Dow was off nearly 4 percent for the week, the S&P off 3 percent and the Nasdaq off 2 percent.

  • The stock market ends the week in negative territory with all major indexes down almost 2% or greater, led by the Dow which dropped almost 4% for the week and broke the 12,000 level for the first time since March.