Detroit Business Daily

Now that GM bankruptcy is official, should I temporarily pull my money from the stocks?

In other words, will this GM bankruptcy temporarily drop the Dow Jones down?

Public Comments

1. idk when it will happen but it most definitely will start dropping so it would be wise to get out as soon as possible, hope this helps a little bit..
2. Might be a wise choice
3. Depends on which stock replaces GM..and even at that, unless you have a mutual fund that tracks the Dow, the drop in the Dow does not affect your individual stocks.
4. It is anyone's guess but I would bet that this is too late to dump the stock. I would hang on to it. It might make interesting novelity items to sell at flea markets in just a few years. GM and Chrysler are doomed. The patient is dead, they are just pretending to still be alive. It ain't gonna happen.
5. Stocks will most likely drop; however, the market will likely open lower than it closed on Friday. Basically, it is too late to get out at Friday's prices. With that said, I have no idea how the market will move. For all we know it will open low and end up due to some other news. Buying and selling stocks based on what you think will happen is not always a good idea. I am staying invested in stocks for now, but I don't plan to add any more money to the market until things stabilize.
6. AIG was be a best stock to invest if you plan to invest for a long term, because AIG is too big to fail and beside AIG no longer need government bailout money. if you invest in AIG are now you returning profit is 10-30 times in 3-5 years.
7. No that would be a terrible choice. Since the GM bankruptcy has been known to be coming for certain for a week, and people have known it was likely for several months, it's too late to "get out." Besides, any small decrease in the Dow now will recover relatively shortly. You'll lose far more money in transaction fees than you would make trying to time a small market change.
8. Stocks actually rallied today on positive economic news. I think you should not base financial decisions on what GM does or doesn't do.
9. yes pull out like pimp on a peg legged hoe LOL