Dealing With Junk in the Trunk
Stock quotes in this article:
GM
As a former Camaro driver, it hurts to hear people calling General Motors
Junk Your Debt
Standard & Poor's blamed GM's reliance on big SUVs for the downgrade to junk, but underfunded pensions and rising health care costs aren't helping its situation much either. And while the market has been losing patience with GM for some time now, it has basically been treating all GM bonds as junk anyway. But you may not have been. If you created your portfolio years ago and were originally looking for high-quality corporate bonds because your investment objective was to be safe, buying GM was a good choice at the time.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,285.97 | 1,091.93 | 2,172.99 | 33.92 |
Oil *
75.45
|
|
DOWN
104.14
|
DOWN
11.32
|
DOWN
16.62
|
DOWN
0.56
|
10 Yr
3.39%
SPDR Gold
110.95
|
|
-1.00%
|
-1.03%
|
-0.76%
|
-1.62%
|
Data delayed 20 minutes |














