The real reason they don't see this coming...
Let's see:
The Fed is in tightening mode
Corporate buybacks are in remission for earnings season
The stock/bond rotation is gathering steam
Insiders are selling at the fastest rate in six years
Dollar carry trades are unwinding at an accelerating rate
Sheeple are ALL IN
I think we all see where I'm going with this...
CarMax, the largest used car dealer in the U.S. received a scathing review in Barron's over the weekend:
All things automobile related are now imploding. Pretend this isn't happening, everyone else is...
Avis
AutoNation, largest new car dealer network:
New 52 week high today: Casinos...
"What's in your wallet?"
????