GM is gone

Today GM was kicked out of the Dow 30. It is no longer a member of the S&P 500. GM was replaced by Cisco. At one time saying GM would go under cause me to be the subject of ridicule. However, now, most see this event as obvious. In 1979 GM had 514,000 workers, now in 2009 it has 54,000 worriers, soon zero!

That said please remember that in 2006 GM stock was going up!