OT: Buying GM Stock, a steal at $2?

[Perfectlap]

wow you are brave. I hop you put a tight stop on that order.
In a bear market, the rule is not to go long until the stock has bounced off its lowest. A real bottom comes and goes quickly. We see no evidence of that.

If you're bargain hunting there are some tempting stocks, particularly in energy and agricluture (fertilzers) and maybe ceratin techs. But I wouldn't touch autos or banking unless it's to sell short and cover quickly. Those are falling knives with some potential big time disasters coming soon.

p.s.
I'm not buying and holding a single stock. All short term buys. I'm giving hard thought to going 50% in gold ETFs and the rest in T-bills in my retirement accounts as well. If GM goes under their will be a ripple effect through the entire S&P.