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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.36

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Jan 14 4:00 PM EST

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To: Benkea who wrote (53904)	6/13/2000 5:41:00 PM
From: Benkea	Read Replies (3) of 99985

Slowing economy? Today I went to the largest auto auction in the world which is dealer only (I'm not a dealer, I have a friend) happens to be in Orlando, Fl every Tuesday. Dealers come from all over the country to buy and sell here. 90% of all cars are 5 years old or newer with the majority being 98-00. Never in my dozens of trips over the last 10 years have I seen these wholesale prices come in so far above Black Book! Many of the dealers just looked at each other and smiled in disbelief. Massive wholesale inflation in the used car market manifests itself in retail prices on these guys' lots. The car is the #2 and #3 largest household expense if anyone was wondering! We know what real estate prices and interest rates have done to the #1 expense! No inflation, my arse.

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