swingtrader930 (38.92)

Which Animal Is Inside You . . . ??

June 19, 2009 – Comments (2) | RELATED TICKERS: DIA , SIJ

Today as I drove to work I noticed how all the things we write about in Caps and read about in the news are very real.  I know its summer time and people, if they can afford it, take vacations.  But this morning’s traffic was just too light.  It seemed almost creepy.  Could it be that there are so many unemployed that there weren’t as many people going to work and therefore fewer cars on the road??    On the drive I noticed the usual empty houses I am accustom to seeing.  Every neighborhood has them, houses sitting idle with no one to buy them.  Its affluent neighborhoods and ordinary middle class as well.   The vacant houses just don’t seem to go away.  Where I work the production facility has been closing on Friday’s for the last few months.  Even on Thursday’s most of the shipping orders are already filled for the week by noon.  And today at luch the sports bar & grill I frequent had no waiting line to be seated which is unheard of.  Take a look around and you will probably see the same thing, wherever you live.  If your looking and wondering when the recovery is going to come all anyone needs to do is watch the world around you.   Today made me reflect upon how fools are often critical of others for being perma-bears or perma-bulls.  When you have days like today it makes you question which animal you are!!

Looking at my own situation, the business unit I work in is heavily tied to the auto industry.   When the major automakers decided to close facilities because of excess capacity we were hit pretty hard.  It is such a domino effect that ripples through out the economy.   We are a large direct supplier to the auto industry and we in turn have hundreds of suppliers to us.   I haven’t read or heard too much about how the auto industry shut downs will impact this quarters earnings.  I think it’s been something that has been over looked.  If you’re a bear that’s good news for you should the market roll over here.   But the next leg down will the generate the best buying opportunities with greater chances for continued long term growth once it reverses.  Hurrah for the Bulls.  http://www.trendingtimes.com