Cash For Clunkers

Tyler Durden's picture

Guest Post: Cash For Clunkers Vs. The Big Three's 0% Financing In October 2001





The June 1 ISM to June 5 NFP high to higher high was +10. The idea was that the Aug 3 ISM to Aug 7 NFP higher high would be roughly +10. If so, it would target 1013. That is precisely what has happened. Notably, the stock market sold off 32 points by the following Monday June 8 before setting a retrace high on Thursday June 11’s retail sales report that were goosed by automaker incentives of $6900 in rebates. Expecting July retail sales to be goosed by similar cash for clunker incentives, we expect the stock market to rally into Thursday’s Aug 13 retail sales report. In short, a rolling top similar to June’s is expected in the first half of August.

 
Tyler Durden's picture

Cash For Clunkers Moves To Toxic Financial Stocks





AIG (short interest of 16%) and CIT (13%) are today's latest squeeze puppets. Because non-bankruptcy prospects before both companies are just so hot. Will whoever is pulling all the borrow please fess up already.

 
RobotTrader's picture

Cash For Clunkers





The big story today was how the O-Team decided to unleash another 2 billion for the Cash for Clunkers program after the first round ran out in a matter of days.

 
Travis's picture

Cash for Clunkers Part II- It’s All Clunked-Up





The seemingly wildly popular program that gives an instant rebate for your old hunk of crap car, just may get crapped-out itself… Much sooner than planned.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!