GM and Ford stocks are up over 40% **TODAY**..... WTF is going on?

[scheming daemons]

The market is modestly up.... but GM and Ford are through the freaking roof!


Anybody know why? GM stock is now nearly $6 a share.... it was down around $3 on Friday.

[Tandalayo_Scheisskopf]

1. What are the psychological trends...

Around The Big 3? Not the fundimentals, they mean nothing, in truth. The market can best be described as lemmings on meth and lots of cheap vodka.

[BootinUp]

2. Don't know, lots of econ reports today

for instance jobless claims down 14,000 from previous week. Other news not good.

[DS1]

3. Up 40% to a whopping 2 dollars for F

Perhaps you're just not used to the low numbers :shrug:

People trying to get in on the ground, then ride it up if the Gov't bails them out

[dkofos]

4. Trying to prevent a takeover??

[charlie]

5. In 50 days from Sept to Nov

the market had 25 days where it moved 4% or more.

In the previous 25 YEARS, the market had 25 days where it moved 4% or more.

This market is completely unmoored from anything but white-knuckled emotion right now.

[natrat]

6. short covering, ?professionals jamming weak hand shorts?

[murray hill farm]

7. The market anticipates....

positive bail out news!

[Name removed]

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[EC]

9. Maybe they are going to accept an offer from China

to buy them out...

[PassingFair]

10. They will undoubtedly be getting those loans....n/t