General Motors now trading under the bankruptcy ticker (mtlqq). If you believe in American Culture we have always rebounded when it comes to a disaster. General Motors once the top car manufacturer in America and the first to hit very hard times, as the world crashed around the auto industry in America. Can you honestly expect that GM is really going to fold and buckle. To even think General Motors would fold is crazy but it will have to shed some lines of automobiles to stay competitive in the industry.

Trading at $.72 cents and it has had a 30 cent increase in the last 2 weeks. GM will recover and like most companies it will take time as many businesses restructure there debts and bring there revenues back inline to become profitable once again. I’m not a guru in finances, heck i’m not even a broker but my money is riding in General Motors having a solid comeback and it’s stock prices to surge in the next 2 years and I bet by summer end of 2010 we will see this stock hit at least the $5.00 mark.

I have personally slapped $1,000.00 in this company and plan to see a nice sizable return back on my trust in America and it’s recover. As we follow we see many companies recouping some serious losses and General Motors is one of the next to regain it’s seniority on the automotive ladder.