The auto industry is suffering. I mentioned just a minute ago about how many Americans have to borrow to buy cars and that's one of the reasons that both General Motors (GM) and Ford (F) are again hitting new 52 week lows.
Ford (F) is trading close to an eight or nine year low or something like that. But General Motors (GM) is again at a new 52-week low as both of these stocks are venturing further into bear market territory.
