“[Some analysts said that knowing earnings were dismal, GM had to take some sort of action.] Things like today are great — it's better than not being able to announce anything, ... But I certainly don't think it's anywhere near the scope or the magnitude of what this company needs.”
“Investors are reacting to the Toyota figures. Although it shouldn't be any great surprise. ... We've been saying for a while that at the current pace, Toyota will surpass GM next year.”
“We have today and tomorrow as the last trading sessions of the year. With the stock being down so far, you would be looking at a little bit of tax selling to harvest those capital losses to offset gains in other areas.”
