Automakers Crying the Blues

GM, Ford, and Chrysler just can't keep pace with the foreign guys. Another day of bad news on the sales front for all three. GM was the worst with a dip in sales of 10%. How much worse can it get for this old-line manufacturer? Concern is growing about a possible bankruptcy. I'm watching the bond market closely on this one. These three held the Dow down today to modest gains. Meanwhile, the techs posted a gain of nearly 1%, on top of the 1.74% gain from yesterday. What a way to start the new year! Dow +32.74 NASDAQ +19.72 S&P 500 +4.66