Detroit Business Daily

What would happen to stocks if GM declares bankruptcy?

From Japan... Is it likely Dow Jones will drop down? Or Dow Jones will go up as GM's file for bunkrupthy is publicaly known as inevitable? I want to know what Americans think about GM's bunkrupthy and what Americans think would happen to stocks by it.

Public Comments

1. I think the Dow Jones will drop several percentage points.
2. be worth nothing
3. The Dow might drop. But bankruptcy seems almost like a foregone conclusion. So it may not have an affect on the markets if they do.
4. Likely not much. The market has already factored in GM's situation. Keep in mind that Dow Jones is comprised of many companies. In the long run, other car manufacturers will benefit if GM doesnt' come back due to less competition.
5. Mayhem. If GM goes under then others will follow. Obama tried to save it but the republicans are letting it die.
6. they go down like they is doing again.