We can add General Motors (GM) to the long, long, long list of put positions I wish I had just kept. American cars have been lousy since the mid-1950s, and the fact that GM was a super-hot stock a year or so ago is a hysterical joke. In any event, this thing is falling to piece, and I wouldn’t be surprised to see lifetime lows in the next year and, ultimately, bankruptcy. Honest!
