Out of Gas

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I’ve mentioned my fondness for the auto sector recently. Oddly for me, this is based more on something I read than something I saw in a chart, because about a month ago I read a very compelling piece about how the auto makers had gone completely over the top “stuffing” sales throughout the world, relying heavily on subprime loans to do so. It made intuitive sense to me that sales would eventually suffer, since they were basically pulling the same thing home builders were in 2004-2007. Anyway, it’s starting to show with General Motors…..




And pretty much any company with the word “automotive” in the name: