It is a racing certainty that come November, when sellers receive some 80% of Daewoo bonds' face value, they will dump these as well.

ECONOMIST: South Korean bonds

But if GM goes out tomorrow and buys a jet for its executives, shareholders might as well dump their stock now because it means all the progress the company has made over the past three and a half years has been wasted.

FORBES: Smelling Freedom, GM Better Not Get A Corporate Jet For Christmas

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.

ECONOMIST: The euro crisis