Ford (F) tumbles on economic worries

Filed under: Bad news, Industry, Ford Motor (F), General Motors (GM), Options, Technical Analysis, Economic dataFord Motor Co. (NYSE: F) stock is falling this morning with other automakers as economic indicators suggest that the economic slowdown could accelerate in the next few months due to rising costs and the slumping housing market. The Conference Board's index of leading indicators fell by 0.5% in October according to numbers released this morning. Also hurting car makers is a report today that claims the sub-prime mortgage crisis has hurt Ford's competitor General Motors (NYSE: GM), whose stake in the financial firm GMAC has led to about $750 million in losses through the first nine months of the year. If you think this stock won't be rising too far in the coming months, then it cou