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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: t2 who wrote (5821)11/15/2001 8:01:19 AM
From: LTK007  Read Replies (4) of 99280
 
<If one looks at it that way....I think the international reaction is correct.> i doubt they look at anything but the 7%.
Look they sold the cars at 0% interest and NO down payment for 90 days---heck a person could drive it happily for 90 days before the repo man came.
And that selling on the cheap kills future demand--wait what happens when the fire sale is over.
Read Yardeni on this--he believes these fire sales have almost guranteed a W bottom.He said the consumers didn't panic,industry did---and a price will be paid for that mistake--he said.Max
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