A hail Mary for the Big (failing) Two

by Ryan Barr on December 19, 2008

in Investing

Well, it looks like GM and Chrysler will get a $17.4 Billion Dollar cash infusion from the Executive Branch of our government.  They will get $13.4 Billion of it today, and another $4 Billion in February. The automakers have to prove viability via a number of possible methods, I’m sure they’ll be able to pull that off and we will be on the hook for more cash.

The good news is that this is a “positive” news clipping for the market.  Futures were up, and the market opened up stronger today.  I’m hoping that this news clipping provides the juice to get us up to 950 on the S&P. 

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