What's ridiculous is that GM has been dropping for weeks now. Now that it was in the $12's yesterday, THEN they downgrade it so it drops another $2. By the time their readers/investors get done dumping, it will be at the bottom! LOL!
GM's not going anywhere as you said. Stock drop? Obviously. Bottom found? Probably by Tuesday next week and those same people that sold will be buying again.
I'd be impressed if Goldman put out the downgrade BEFORE GM started dropping between May and June:
All they did was tell folks to sell at the bottom.