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Dow set to fall 350 at the open

This months auto sales will likely be telling of the future of the US economy. If the disappointing sales in Sept continue into Oct, then an economic slowdown could very well be on its way. The bond yield inversion that looked likely about 3 months ago is much less likely now

I woldn't use that as a measure.

In September and October people are waiting for the new model year to come out before they buy a car.

People have been waiting for the new trucks, Chevrolet GMC and Dodge) to hit the market as I am sure with other cars as well.
 
This months auto sales will likely be telling of the future of the US economy. If the disappointing sales in Sept continue into Oct, then an economic slowdown could very well be on its way. The bond yield inversion that looked likely about 3 months ago is much less likely now

Yeah, yeah, yeah. "What's good for American Steel, is good for America."

Corrections are healthy for the economy. Cars aren't selling well, trucks and crossovers have replaced them in the marketplace. Sales of both have outdistanced cars, they don't need to sell more, the profit ratio is much higher. Apple has 2% of the smartphone market worldwide, more than 90% of the profits. Stats only take the investor so far and then........
 
I woldn't use that as a measure.

In September and October people are waiting for the new model year to come out before they buy a car.

People have been waiting for the new trucks, Chevrolet GMC and Dodge) to hit the market as I am sure with other cars as well.

I mean year over year sales not month to month. Almost all makers saw declines in Sept (FCA excepted) but it was reported that Sept 2017 was a strong month for sales. But if Oct 2018 is weak compared to Oct 2017, it could be a start of a decline that has been expected for a few months
 
Some people see the market correction as a disaster, some see it as a golden opportunity.
 
When did it become Trumps economy? Is it officially his now that the markets are panicking that the Democrats might regain control of congress?
I know the rule: when the market is up, it's because of the Very Stable Genius. When it's down, it's someone else's fault.

The idea that Democrats in control is bad for the stock market is undercut by history.

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