The Market On Wednesday

We are back to 1982. Auto sales for this year are comparable to 1982 sales. I look forward to sales comparable to 1800, as yours truly hates car culture, while appreciating its travel facilitation and such. Still I am a less cars the better type.

So futures are down, what a shocker. The alleged culprit for today is the feared "controlled" bankruptcy of GM. I suspect GM is trying to hang on till there is another Republican in the White House when the good old times will once again resume, massive cars, boat loads of gas, 72 E-Z payments, and crew cut family outings to Yellowstone. Republican world peaked in the 1950s, and the magic spell continues ever onward. Damn the recession...

Reuters: Stock futures signal lower open on Wall Street

The biggest automakers, including General Motors and Ford are expected to report sales in the United States near their weakest in 27 years.