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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (53010)7/16/2020 2:48:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 67789
 
Nice to have on the ground, more current information.

I also heard cars sales, new and old were up due to people not wanting to take transit.

It looks like the choke point is the reluctance of manufacturing staff to go back to work or rejiggerd work spaces that is requiring more space to achieve social distancing. The end result seems to less supply than normal.

I know most bike shops are sold out of entry level bikes also in most cities and there is a backlog on service on bikes people have pulled out of their garage.

I think the JBL September call will give more clarity as the economy will had time to establish a potential new normal.



To: robert b furman who wrote (53010)7/16/2020 3:54:26 PM
From: kidl  Read Replies (1) | Respond to of 67789
 
I am trying to figure out which part of your posts paints a positive picture.

Dealer inventories are low simply because production numbers are low which are low because of decreased demand and Covid restrictions. Virtually every conventional car manufacturer is losing money hand over fist.

There is only so much spin anyone can put on anything ...