Varchild versus TMFDeej (F) Ford and Auto Sales Outlook
September 23, 2009
– Comments (6) |
RELATED TICKERS: F
Let's take a gander at this morning's pressers listed on Yahoo Finance website on the (F) Ford ticker symbol:
A) Ford plans Asia initiatives this week: Journal
"seeking to strengthen its Asian operations, will announce a number of initiatives on the continent this week, The Wall Street Journal reported. In India, Chief Executive Alan Mulally will unveil a new low-priced small car that Ford will produce at a newly expanded Indian plant..."
B) Ford CEO says U.S. market looking good
"The CEO of Ford Motor Co (NYSE:F - News) said on Wednesday the U.S. market was looking good and vehicle sales were expected to increase."
C) Ford's Global CEO Reveals New Ford Figo Targeting India Market and Export Sales
D) Ford Pushing Hard to Boost Sales in Asia
WOW!!! Look at that.... I better dump my stake in FORD these articles sound so bad.....bad...bad.... let me tell ya.... / end of sarcasm.
But the reality is if you had read TMFDeej's article on how U.S. Auto Sales are set to plunge and could be down for quite awhile post CASH FOR CLUNKER's FED CASH...Shopping Spree....
Well...gee...based on TMFDeej's charts you would have dumped your stake in FORD.
Furthermore... TMFDeej told me in the commenting section, "The Easy Money was already made in FORD."
Sorta like telling all of Motley Fool's investors that believe in the FORD Motor Company's Future.. That believe that Alan Mullaly is working hard to build cars people actually wanna buy and drive and not just in the U.S. but from all walks of life on the Globe....
telling those people that there is "Nothing to See Here.... Nothing To See Here.... Nevermind Alan Mullaly in the background building new small cars in India and a 3rd Auto Plant in China... There's nothing going on with FORD to get excited about here folks...."
And then....just 1-2 days after he does all of this..pulls out his charts... dictates DISASTER for auto sales..... "Well..uhh.... the only hope will have to come from Large Trucks and SUVs....Other than that no one is buying cars anymore... they already did it in CASH FOR CLUNKERS."
Uhm.... sorry.... but there are a LOT of Rush Limbaugh listners... And those who listened to Rush knew that the $4,500 was money that was taxable.... And they knew to WAIT past Cash for Clunkers before making a purchase... There are enough of us Conservative minded Anti-Welfare types who aren't in Financial Straits that they HAD to buy a car in the Cash for Clunkers Scheme or be faced with no transportation..... That we had the ability and psychology to prefer to wait before buying or upgrading our vehicles.
There is enough of us "We chose not to buy" types out there to make the sales decline in September look really more like an INVENTORY issue rather than a Reverse Trend down.
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