SUNDAY 4/20/14; Easter

Happy Easter. Gasoline jumps nine cents over the last couple weeks approaching $4 per gallon across most of the US. The Lundberg Survey says gasoline prices are at 13-month highs so the retail sector and consumer sentiment should experience weakness moving forward.

NHTSA documents show that GM waited for years to issue a recall on over 300K Saturn Ion automobiles despite the solid data showing that problems persist. General Motors continues to bleed from the recall debacle but the hedge funds are heavily invested in the troubled car maker insisting GM is a great buy. If one of the hedgies jumps ship, the others will follow.