The Re-Birth of the American Automaker
I rarely think the market is right. I believe non dividend stocks aren’t much more than baseball cards. They are worth what you can convince someone to pay for it.
- Mark Cuban
People spend all this time trying to figure out "What time of the year should I make an investment? When should I invest?" And it's such a waste of time. It's so futile.
- Peter Lynch
There was good news today in the land of Japanese automakers. The feds have approved the proposed “fix” for those cars with potential gas pedal issues. Dealers in the states could start receiving the parts by the end of the week.
With news of a potential recall from Honda as well, this may just be what the American automakers need. They have worked extremely hard to pull their metal shells out of the ashes over the last couple of years. It was just a year ago that analysts asked if the American car industry was dead.
With a renewed dedication in the small car, we are seeing more and more Cobalts and Fusions on the roads. It may not stay that way, but the playing field has flattened a bit more than usual. Hopefully the American companies can build on that.
Glen Ring’s View on Futures Daily Update packs a lot of punch. Out of Cedar Falls, Iowa, this one-page daily gives a tremendous amount of information and insight on a daily basis. At a quick glance one can see where he is on March corn and soybeans or April cattle. Currencies, t-bonds, coffee, cotton, OJ, you name it. If the futures market is your playground, then this is the publication for you.
Schaeffer’s Daily Bulletin is another publication that keeps your finger on the pulse of the markets. This piece gives you quarterly earnings news, comments on the different markets and changes to their portfolio. The last release gives it’s take on the confirmation of Ben Bernanke as well.
Keep your eyes on the rebirth of the American car. Gone are the days of the Pinto and the Gremlin. Can they overtake the Toyotas and Hondas of the world? Maybe not, but at least they can be in the same conversation again.
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