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;
Ford: down 21.5%
Toyota: down 18.7%
2) While GM stock was down 7.5 percent, elsewhere there was little stock reaction.
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