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  • Is The Hyperloop Behind The Intra-day Airline Stock Plunge? 0 comments
    Aug 13, 2013 11:07 AM

    This morning, the leading airline stocks are all plunging lower at the start of the trading session. Leading airline stocks such as United Continental Holdings, Inc. (NYSE:UAL), Delta Air Lines Inc. (NYSE:DAL), and US Airways Group, Inc. (NYSE:LCC) are all trading lower by more than 4.0 percent.

    Yesterday, the founder of Tesla Motors, Inc. (NASDAQ:TSLA) Elon Musk announced a new transportation venture called the hyperloop. This is a tube system that can transport passengers at extremely high speeds. Mr. Musk said that a trip from Los Angeles to San Francisco would take about 30 minutes. He also stated that the fare for the trip would be less than an airline or a traditional railroad ticket. Elon Musk has been known to make the unrealistic a reality, so this announcement could be affecting the airline stocks today.

    For those of you that have studied cycles should know that the transportation sector seems to go through a revolutionary change every hundred years. It was roughly 100 years from the steamboat to the airplane which debuted in 1914. It is now 2013 which is nearly 100 years from 1914 so it should be no surprise to us that another revolutionary form of transportation is about to be developed.

    Nicholas Santiago
    InTheMoneyStocks.com

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