It looks like Wall Street can't wait to get their hands on Chevy's and Caddy's. The GM IPO coming today reportedly at $33 per share is now reported to be oversubscribed. Morning call has the Dow up 100 pre-open.. must mean that what is good for GM is good for America!
The higher open still leaves the indexes with in their newly formed down trend channel....Pre-open excitement should wane by 10:30. and we should get a better idea where the day is headed.
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