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10:07 BLW US EQUITIES ALERT: Stocks recover; GM news helps

U.S. stocks were higher Wednesday morning as buyers returned to the market after a Fed-induced sell-off Tuesday. General Motors' (GM) reaffirmation of earnings guidance also added to the positive tone.
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It is amazing to me how short sighted analysts and many investors are. What about 2002? Does anyone think that the price ought to bare some correlation to more than 1 quarters worth of "projected" sales? These are cars people, CARS. Should the stock price reflect DECLINING market share and declining profit margins?

How much blind faith are you going to invest into the notion that some CFO can read into the minds of the average consumer and into the future in order to acurately predict what is going to happen to the auto market next year and the year after that? If they have that kind of talent, they certainly are wasting it working for an auto companies when they could easily rule the WORLD by amassing great fortunes trading their own stock portfolios. Perhaps if they have such infallible abilities to predict the future, THEY should be Wall Street analysts.

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