Bailout

Fears of a bailout failure cut the rally yesterday at the hip. And it appears as though the actual failure of the bailout might go down to the knees. However, there is a lot of bad news already thrown into the price. I don't see a lot of good signs for GM stock, but there are others out there that won't take it on the chin like that. All said and done, it looks like there will be an early morning slide, it's already gaping lower by a dollar. The rest of the day will be very choppy. An afternoon rally? Probably not, if there is one in the works, Monday might be a better candidate.