| Cash for Clunkers Saps Demand Ockham Research submits: “What do you make of overall car market? By the way, we’ve got Ford’s auto sales down 5.1% in the month of September. That’s not a very good showing. Overall the American car market is going to shrink to below 10 million vehicles this year.I think we have some quick revisionist history happening on the cash for clunkers plan. It was not the successful stimulus program. It was a quick way to spend $3 billion but there’s no lasting effect. The market’s back where it was in August. I got a preliminary number from Chrysler. I’ve got to go through this more thoroughly but the preliminary number is they were down 42% in that’s compared to a very weak September of last year. What do you make of that?Complete Story » seekingalpha.com |
Why Bulls See UAL Corp. Gaining Attitude optionMONSTER submits: by David Russell UAL (UAUA) has been soaring along with the rest of the airline sector, and traders are betting that it still has friendly skies to travel.Complete Story » seekingalpha.com |
Time for an Automotive ETF Michael Johnston submits:The ETF industry has expanded rapidly in recent years, with hundreds of new product launches covering various regions, sectors, and investment strategies. The surge in ETF product offerings–there are now nearly 1,000 exchange-traded products in our ETF screener–has sparked some speculation that the industry has reached a point of saturation–or perhaps has long since blown through that point. There’s certainly some good support for such a notion. At the end of 2009, approximately 250 ETFs–more than a quarter of the industry–had less than $20 million in assets. The last three years have seen an ETF arms race, as issuers churned out niche products and assumed that investors would be chomping at the bit to get into anything that was first to market. There is little doubt that 2010 will see a wave of ETF closures (it’s started already) as issuers cut their losses on products for which demand never materialized. The “land grab” appears to be winding down, as issuers have begun responding to demand (rather than trying to create it) and success rates of new ETF products has surged.Complete Story » seekingalpha.com |
Opposition to Airline Mergers Is Based on Three Premises Vaughn Cordle submits:By Paul Mifsud / Carlos Bonilla / Vaughn Cordle, CFA The counter to Crandall and Oberstar Complete Story » seekingalpha.com |
Western Unio Q2 2010 Earnings Call Transcript Western Unio (WU)Q2 2010 Earnings CallJuly 27, 2010 8:30 am ETComplete Story » seekingalpha.com |