What Was Good And Bad For The Week

Lots of volatility, but major indices flat for the week: Dow down 0.4 percent, S&P up 0.2 percent, NASDAQ flat.

The good news:
--sideways move on choppy economic news.
--financials stop going down.

The bad news: oil has stopped dropping.

As for July auto sales:

1) Sales poor all around, not just GM;

GMdown 32.4%
Ford: down 21.5%
Honda:down 9.2%
Toyota: down 18.7%

2) While GM stock was down 7.5 percent, elsewhere there was little stock reaction.

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