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Strategies & Market Trends : Value Investing
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To: Bananawind who wrote (31315)6/28/2008 7:28:10 PM
From: Jurgis Bekepuris  Read Replies (1) of 78702
 
Bananawind,

"Auto Dealerships were the second best performing industry in the last recession."

Although I don't know how this slowdown or recession will work out, it is pretty obvious that it is very different from 2001-2002 tech crash. So I would be skeptical assuming similar relative industry performance here now.

Although, as Paul said, I may be totally wrong about CRMT and KMX. Especially since Buffett is apparently so positive about KMX. ;)
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