But if GM goes out tomorrow and buys a jet for its executives, shareholders might as welldump their stock now because it means all the progress the company has made over the past three and a half years has been wasted.
Unlike the relief rally when the EU bailed out Greece in May, investors this time barely paused for breath before continuing to dump Irish assets, as well as those of Portugal and Spain.
Institutional investors, and the banks that do their bidding, may very well be promoting the idea that now is the time for retail investors to buy stocks so institutions can dump their shares, according to Hulbert.