May 19, 2009 -
Still In Play
AR Index 516.63 -31.31 (-5.71%)
Stocks of individual interest
Toyota 76.47 -0.32
GM 1.18 -0.26
Ford 5.50 -0.58
Dow 8504.08 +85.31 (+1.01%)
Today's chart is the AR Index vs the Dow for 2009. While the auto stocks are certainly more volatile than the Dow, the index is still generally moving in the direction of the Dow, and that volatility itself would seem to show that people haven't run away from the auto stocks and are still trying to make a play with them.
Remember, even when people are dumping a stock and seeming to run away from it, there are buyers on the other side who think just as strongly that they're getting a bargain by purchasing the stock before it goes up.
