No Mooning this Saturn...but Wall Street Traders run up the market!

According to the WSJ, GM is going to close its Saturn Operations. "The sudden collapse of the sale puts at risk 13,000 more jobs in the auto sector. It also likely will add Saturn's 350 dealers to the thousands of U.S. auto retailers that are closing in the car industry's worst downturn since World War II.GM Chief Executive Frederick "Fritz" Henderson said in statement that Saturn and its dealership network will be phased out. "This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality," Mr. Henderson said..." GM also is ending its Pontiac brand and selling its Saab and Hummer lines, all part of its bankruptcy reorganization that concluded in July. (WSJ)

DETROIT (AP) -- General Motors Co. will shut down Saturn now that a deal with former race car driver and auto dealer magnate Roger Penske has collapsed, marking the end of a brand that was supposed to revolutionize the way small cars were built and sold in America.

While all this is happening, the stock market has put in a great performance, with gains of more than 15% this quarter. When people spend their working hours trading stocks it is no surprise we have had these catastrophes.