tag:blogger.com,1999:blog-6616959642391988608.post206454093305513436..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Auto recovery in full bloomScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-76939713400278352112010-06-03T08:41:47.900-07:002010-06-03T08:41:47.900-07:00Think about this for a minute, car sales in the US...Think about this for a minute, car sales in the US are at a 30 year low, that's a recovery but it's still a terrible place to be. Moreover if you drill the data you find very important fleet purchases (from the government by the way) <br /><br />Like new houses, eventually you have to hit the bottom. F,GM and Chrysler are there now. <br /><br />Your investment theory holds, although Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58104420377317913832010-06-02T21:20:48.102-07:002010-06-02T21:20:48.102-07:00Between government workers, health care workers pa...Between government workers, health care workers paid by the government through medicare/medicaid and government health insurance, unemployment recipients, government contractors, food stamp recipients, and social security recipients.....and a small but growing $1.5 trillion dollar Federal Deficit while most cities, counties and states are now essentially bankrupt......<br /><br />under our Unknownhttps://www.blogger.com/profile/10983881862171296613noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27116201744165084802010-06-02T20:14:10.793-07:002010-06-02T20:14:10.793-07:00One of my favorite industrial recovery plays is Fo...One of my favorite industrial recovery plays is Ford (F-NYSE). I wish I could say I was smart enough to have accumulated it over the last several quarters, but I cannot. I have steered clear of auto companies in the past because in my opinion the managements and unions were both lining their pockets at the expense of shareholders. The necessary bailouts of GM and Chrysler and the severe financialJohnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.com