Let me begin by thanking all of those who took part in our recent poll on GM. As you know, GM began trading as a new company last week. We were happy to see that many of you had a pretty strong feeling about what you want to do or do not want to do with this stock.
As of this writing we have received 1,744 votes. Out of those votes, 78% of you said you would not be interested in buying GM stock. In fact, Steve said in his feedback, "Americans may shun GM but China is getting behind the wheel." I must say that it was interesting for me to hear that they're selling cars in China. That may be true, but during my visit I did not see that many Chevys in Shanghai or Beijing. What I did see were an awful lot of VWs and Audis. These two brands seemed to dominate the Chinese market.
I'm often asked if I would actually trade in GM stock. Well, I would when we have more data and a compelling reason to do so. Right now like many Americans I'm very leery of having the government involvement in any type of investments. The government does not have a successful track record in any endeavor that I've seen them take. If there are any readers of this blog the could share some government success, we certainly would be happy to post it right here.
Let's take a look at some of our other comments on GM: Continue reading "Your vote really does count on MarketClub"

