RE:No need to panicwhen are mired in a recession, in the securities markets along with others, can fall long hard and fast without any pure reasoning behind it other than this. There's never ever any soldiers left standing after this recession plays things out. I will go on record that, when we have layoffs and shift reductions within the auto sector, and possible attrition through early retirement offers again, we will be scraping bottom in the economy as the housing sector craters along with it because of much higher interest rates.
Auto sector is the bellweather to the economy much like farming was back in the 30s and 40's. People are raking in profits plain and simple on this stock to help cover there many other losses like credit cards that are approaching there limits.