General Motors indicator


A theory that suggests that the performance of General Motors' stock will predict the performance of the economy and stock market. The reason behind this theory is that it supposes that when people are financially secure, one thing they will do is buy a new car. This theory was developed when GM was the largest maker of automobiles, but since this has changed, the theory is now rarely used.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
general mortgage bond General Obligation Bond