It was springtime on Wall Street yesterday as bulls evidently seized on the notion that an economic rebound is right around the corner. This nutty idea brought the shares of General Motors in particular to a froth. The stock rallied 6% in the space of six hours, settling back 50 cents to end the day at 27.08. That's nearly 40 percent below the exuberant peak of $43 registered back in October, but, hey, you gotta start somewhere. Besides, GM has one thing going for it that investors apparently hadn't thought of before yesterday: GM is not Chrysler. Now there is a basket case! Both companies could use a shot in the arm, for sure, and who's to say it won't come in the form of those $1,200 rebate checks from Uncle Sam? The automakers long ago discovered they could keep the assembly lines humming, and build a loan business, by simply giving cars away ' 'Buy Now! No Money Down, and Zero Percent Interest for Six Years!' Just imagine how many cars they're going to move off the lots if Joe Consumer is about to walk into the showroom with $1,200 burning a hole in his pocket. We can see the promotional banners already, promising two-fer deals like never before: 'Buy a Chevy Tahoe and take home a free, low-mileage Pontiac Aztek.' Very Squeezable If we sound skeptical, you shouldn't necessarily assume that we are eager to short this market. Far from it. As we mentioned in yesterday's touts, it feels like DaBoyz could hold stocks near these levels for as long as they please ' until, say, the right piece of news comes along to trigger off a spectacular short-squeeze. We can't imagine what the news would have to be, but with investors so deluded, apparently, that they are diving back into auto
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