SATURDAY 3/29/14; GM Recalls Continue

The General Motors recall debacle continues with another 824K recall for additional Chevy, Pontiac and Saturn vehicles. The bleeding in GM stock will likely continue since a new problem develops each day. GM’s reputation is taking a hit. A 5.1 earthquake hits southern California creating gas and water main breaks. Dozens of tremors and aftershocks continue. GlaxoSmithKline diet drug Alli is recalled due to tampering so GSK may see active trading on Monday.

Presidents Obama and Putin talk on the telephone but cannot even agree on what was said during the conversation afterwards let alone provide a path forward to deescalate the ongoing East versus West showdown. Meanwhile the Russian troop movements increase along the Ukraine border. Ukraine activist Vitali Klitschko, the ex-boxer and hero of the revolution, will not seek the presidency but instead run for mayor of Kiev to prevent Russian control of this capital city with all his might. A new moon peaks this afternoon at about 2 PM EST; the stock market is typically bearish moving through the new moon. The darkness of the new moon provides a military advantage to those with infrared technology and night-vision equipment and is an ideal time to launch an offensive.

The Obamacare six-month enrollment period ends on Monday. The Whitehouse implements a new comical rules change where a blue box is added to the enrollment form that allows the applicant to check the box if they started the application process before 3/31/14. The government will not verify anyone that checks the box and is relying on ‘honor system’. The move provides more time for people to sign-up without officially changing the deadline date. Obviously, this extends the sign-up period indefinitely since all you do is check the box and swear you started the process earlier.

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General Motors announces more vehicle recalls this time about 400K Chevy and GMC trucks. They should change the name to ‘Bucket-o-Bolts’ Motors. The GM auto recalls now total 4.8 million vehicles double the vehicles they sold all of last year. GM may see active trading on Monday as traders are beginning to lose faith in the troubled auto maker. New female GM CEO Barra is under pressure experiencing trial by fire.