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Government Shutdown Benefits Auto Sales

Events like these are one-timers. It's got nothing to do with the auto companies or their operations. A bump in the road is all it is.

If indeed the shutdown caused consumers to delay discretionary purchases such as a car, think of what it could do to housing. Or on a smaller note, how it could affect those looking for a new washer and dryer, a big flat-panel TV, or even just a vacation.

It could have more of an effect than we currently realize -- indicative by the market's laissez-faire reaction over the past couple of weeks.

In any regard, if the auto stocks do sell off, sales will pick up where they left off and all shall be well, once again.

At the time of publication, the author was long F.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.
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SYM TRADE IT LAST %CHG
BWA $60.62 0.15%
F $15.48 -0.32%
GM $34.77 -0.69%
JCI $49.61 -1.14%
TM $137.16 -0.28%

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