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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (5825)11/15/2001 8:07:00 AM
From: Softechie  Read Replies (1) | Respond to of 99280
 
AMAT getting the torture treatment today. From listening to CC, they don't see the bottom yet. CEO and CFO are very depressing with tone of voice.



To: LTK007 who wrote (5825)11/15/2001 8:07:59 AM
From: Steve Lee  Read Replies (1) | Respond to of 99280
 
"heck a person could drive it happily for 90 days before the repo man came"

I disagree. Maybe 89 days then they would probably start worrying, or at least feel guilty and wash it.

PS: DCB = dead cat bounce



To: LTK007 who wrote (5825)11/15/2001 8:08:07 AM
From: JRI  Respond to of 99280
 
<Car sales> Heard on the radio in So. Florida from one of the region top dealers (not some ultra-scummy outfit)

"We don't care if you've EVER had bad credit. 0% financing for 60 months. $78 dollar a month gets you, blah, blah.."

Unreal.

Any business can jack sales temporarily if they give away the store, and lower their credit standards. This is not good business. (except for the repo man, as you alluded)

Next year, the 2 main drivers of this "surge" in economic activity (auto and home re-fi's) are likely going to be weak, or at least weaker....what's "driver" (pun intended) is gonna take up the (demand) slack with thousands of layoffs still to come?

When you find out, let me know, will ya'? ng



To: LTK007 who wrote (5825)11/15/2001 8:15:46 AM
From: sylvester80  Read Replies (2) | Respond to of 99280
 
Ford GM and others are giving cars away with 0% for 2-5 years, not 90 days. I think the car companies are shooting themselves in the foot big time as they are giving away future sales. IMO, once the 0% promotion ends car sales will take a huge dive.