The automobile industry could be set for a boom, according to ConverEx Chief Market Strategist...

The automobile industry could be set for a boom, according to ConverEx Chief Market Strategist Nicholas Colas. The analysts thinks a mid-16M sales run in the U.S. is quite possible and the future beyond this year for the Big Three (GM, F, FIATY.PK]]) is even brighter with demand significantly pent-up. The secret weapon: If auto companies fire up aggressive leasing programs another one to two millions in units sold could occur.