GM Shares Increases

Shares of General Motors Corp. soared Friday, buoyed by a huge rally in the overall market stemming from government plans to rescue banks from billions of dollars in bad debt. GM also may have gotten a boost from hopes that Congress will approve $25 billion in loans to the automotive industry. The Dow Jones industrials rose more than 375 points, bringing their massive gains to more than 785 points over the past two days. In afternoon trading, GM shares surged $1.54, or 14 percent, to $12.94 after topping out at $13.35 earlier in the day. Friday's climb came a day after the Detroit-based automaker's shares closed up $1.47, or 15 percent, at $11.40. Over the past 52 weeks, GM's shares have traded between $8.81 and $43.20.

My Comment (Personal Input):
Well good for GM. With all the bad they've been through, a little good is great. And if they somehow get their loan, they're gonna be in good shape. But that's IF they get the money.