Oil is down. The markets are rallying. Let’s build more Trucks and SUVs! Brilliant, man. Brilliant! Gutsy contrarian play if ever I saw one!
Ford Lays Bet on New Truck By Rehiring 1,000 Workers [The Wall Street Journal]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
just another sign that we haven’t hit the bottom, yet
I can’t believe anybody who needs a f150 (blue collar, farm) can afford to buy a f150
This is the kind of audacious behavior that I fully applaud. God bless America.
-General M. Bison
Did CNBC give gasbag the day off?
no jobs, no financing, gas can still repop…no wonder the US auto industry has become irrelevant
What a bunch of morons at Ford.
I am a car lover (not trucks) but I read about the new F150. The F150 is still using leaf springs for rear suspension just like a bullock cart. The new trucks from Dodge and Toyota don’t use leaf springs. And, the engines are old too lacking the fuel efficient feature of shutting down extra cylinders on highway. Also, they just released the new Ford Fusion mid size car which looks like shit without any major updates. They should be using their Euro Ford Modeo, not upgrade Fusion. And Fiesta is not due to production till 2009.
The bottomline is that Ford won’t be trading above $10 anytime soon.
I can’t believe that even Toyota is hurting
-Ryu
@2
30% of millionaires own F150s, more than any other car. You know, the people that make money by making things.
I heard that Ford has invented technology that will allow the new generation of trucks to run on…Mayo!
Fix Or Repair Daily
@7, no kidding.
-E. Honda
@3 – NICE!
Ford (AND GM and Chryslerberus) are run by morons. They deserve what they are getting and should be run out of business for not have the foresight to innovate and diversify their product lines.
Rick Wagoner and Bob Nardelli are bested suited for flipping burgers.
Everything will become clear after Tuesday…
to pogue (dude with the phones)
“and what else have you got”
*heard in background “its a running joke at the network..”
cg was actually on this morning too
@7
Subaru has been doing great though.
- Chun Li
Nardelli is so painfully overrated.
Anybody have an informed guess about today’s market closing?
The Guy from Delaware
p.s. Any ideas about market reaction to McCain or obama victory next week?
@7 – Really? They loaded up on full size trucks and SUVS. Not to mention that with the slow down and “credit crisis” Lexus (which provides about half their profits) is hurting.
V. Sagat
For The Gay from Delaware
McCain Portfolio
vs.
Obama Portfolio
Buying the Winner and Selling the Loser
After Election Day
• Many pundits have claimed that certain industries and/or stocks would
benefit under a McCain Administration while other industries and/or
stocks would benefit under an Obama Administration. These stocks,
industries and portfolios have often been developed purely on hunch
or interpretation. We, on the other hand, have approached this quest
using a purely quantitative methodology.
• We quantify McCain-Obama sensitivities for all S&P 1500 stocks to
an electronic presidential futures market. That is, we generate betalike
exposures for all S&P 1500 stocks to how well McCain does
relative to how well Obama does. We present our Top 50 pro-McCain
stocks and our Top 50 pro-Obama stocks. We believe that once the
election results are known, equity investors will begin re-balancing
their portfolios to favor the winner and disfavor the loser.
• We back-test a strategy over the last four elections of buying an equaldollar
weighted portfolio of our Top 50 pro-Winner stocks and selling
an equal-dollar weighted portfolio of our Top 50 pro-Loser stocks on
the day after election day, effectively eliminating political uncertainty.
Over the last four elections, the average Top 50 Winner – Top 50
Loser cumulative spread peaked 20 trading days after election day at
4.78% (approximately an 80% annualized spread return). However,
from 20 trading days after election day to year-end, these spreads
reverted considerably. Accordingly, we believe that this post-election
phenomenon is relatively short-lived as most institutional investors rebalance
within the month directly after election day. Please note that
the back-tested performance does not mean that this presidential
portfolio strategy will generate similar returns if employed in the
forthcoming election. Past performance does not predict future
results.
I have your market reaction:
Obama wins – Stocks tank
McCain wins – Stocks tank
@#19 & #20…
Thank you for your replies.
The Guy from Delaware
p.s. @#19…Where are the McCain/obama “portfolios” shown on the net?
F-it. get long F.
@2,7,11,15,18
we get it, you like street fighter. enough already.
All Obi Ben Bernoki needs in another bubble. Just ONE MORE! Maybe they can have an SUV bubble.
The peasants I work with aren’t that bad off. They’re just ichin’ the borrow more cash. All they need is confidence. Where Ronald when we need him?
We’re back in the game! Hey, what about that stage coach market? I think it has potential!
@20
McCain is losing so close to Nov. 4, dead cat bounce.
McCain wins, (yeah right) then a new bottom will form fast.
McCain loses, dead cat bounce extended until January.