The Big News: Toyota Sees Recovery?
Aug 15th, 2008 | By Charles Delvalle | Category: Stock Market InvestingIn the past, girls have called me oblivious. They’d hint that they liked me, but I’d never acknowledge it because, well, I was too oblivious. But had I just paid attention, I could’ve dated some amazing girls. So I think it’s particularly funny to see Toyota being oblivious too. From the wires…
Toyota Motor Executive sees a mild recovery in US auto market starting in the fourth quarter. – Briefing.com
Yeah, I can see exactly why Toyota (TM) sees a mild recovery starting in the fourth quarter. I mean, who wouldn’t agree with them?
After all, a recent Fed survey of banks revealed that credit tightening should persist until next year sometime. Inflation is outpacing wages. And people are losing their homes, jobs, and aren’t even able to go out as much thanks to higher gas prices.
Yeah, it’s obvious there’s going to be a recovery later this year…
I hope you sense my sarcasm.
I wonder if the guy who spat this load of BS out of his mouth has ever even been to the U.S., because from where I’m sitting, it seems like this guy has NO CLUE as to what’s happening.
Hell, even the Japanese economy shrunk 2.4 percent this past quarter. So how does he expect the U.S. to start expanding when no new jobs are being created and the economy is projected to suffer more?
You shouldn’t expect a recovery anytime soon. This downturn could last well into next year. And until credit begins to loosen up, you’ll continue to see a spending slowdown, especially for big-ticket items like cars.
Source: The Big News: Toyota Sees Recovery?
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Charles Delvalle is a self-taught market-timing professional and value analyst who uses a combination of technical indicators and fundamental research to achieve consistent gains on stocks, commodities and options.
Charles is also a staunch contrarian and takes pride in finding undervalued sectors and discovering great companies on the cheap. He questions government reports and the status quo. In addition to swing trading options, Charles is also Co-Editor of the monthly advisory service - INCOME.
