[ericmvest]

Originally Posted by lio45

Mutual funds also sank a lot of money in dot com businesses and real estate investments...

Your logic (that just because someone puts a ****load of money into something, it has to be a good investment, otherwise they would not have done it) is completely flawed.

You are misrepresenting what I said. I said that if these mutual funds are investing this much money in General Motors, they have many smart analysts analyzing General Motors as an investment. The speculative investors who got burnt on technology and real estate bought close to the peak before the technology and real estate bubbles burst. General Motors is a longer term, value investment. Time will tell if this investment pays off.