Who knows though. Time to buy is when no one else wants something.
Still, it is gratifying to see GM, that beast of crony capitalism, struggling with its stock price. Given the option investors are choosing to put their money, even the funny money running through markets today, elsewhere.
GM should be GMC, Corvette, Cadillac, and maybe Buick. The rest should have been jettisoned years ago. The Volt should never have happened. The auto bailout should never have happened.
Looks like many investors agree.
In fact, if you were one of those who bought shares when the new GM went public in 2010 at $33, you would be under water. Or maybe you bought the stock in June 2013, when it was added to the S&P 500 index. In that case, your investment is down 4 percent, while the S&P 500 as a whole is up 29 percent.