You want a measure of how crazy the financial markets are right now?
With about 45 minutes to go in today's trading, General Motors, which makes cars, has a market cap of about $2.75 billion.
Hasbro, Inc., which makes toy cars, has a market cap of about $4.05 billion.
[Incidentally, I find that fact to be a reflection of GM's poor management and products more than a consequence of the current credit market shakedown, although the GMAC wing certainly is not helping the bottom line. It's still weird, though.]
Friday, October 10, 2008
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