If you own any GM stock and you are reading this, put in a sell all shares order now, market price, not limit price. You are about to be wiped out!
If you own Ford, hold on to it, but not for too long. Ford may seem to be doing better, but the fact is that they are still in some serious debt and car sales are still very slow. If GM's debt is wiped clean in 1 day, it might have an effect that Ford cannot compete with.
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