capeman228

Preview from Europe: Market Rally Was Running on Empty

I'm so tired of the attitude that American cars are terrible. I wonder how many of the people who make these comments have owned one in the last 5 years. My guess is that most would not be caught dead in an American car, but not for any reason that relates to quality.

Most of my wine and brie friends wouldn't look at an American car because their other friends would think it unsophisticated. Meanwhile my Ford has more room and gets better mileage than its Toyota counterpart. And there are plenty of US models that are superior or equal to the imports.

If Americans think that we can lose our auto industry and things will just go on, they are just silly as far as I am concerned.

The notion that we will survive on services and style and don't need manufacturing is about as credible as the praise for the Emperor's New Clothes.'

And the idea that the transplants are American made is silly; all manufacturing is global now, but when you lose the HQ, and the engineering, and the national identify, you've lost it all.






On Dec 10 09:31 AM investor88 wrote:

> Agree with the gloomy news to come but the market worldwide is in
> rally mode, a bear rally. This may go on for some time maybe till
> 20th Jan 2009 when Obama becomes President. Then re-evaluate from
> there.
>
> The market is able to dismiss bad news and react to good news, so
> maybe the bear rally has some legs until it falters again.