This story was originally published here.
I found it hard not to stare at my screen the other day as oil prices went negative.
Interest rates threatened to head in that direction last month. What other major piece of the economy is next to go negative?
Cars and trucks, in a sense.
Like oil and money right now, there’s lots of supply and zero demand.
Analysts at J.D. Power expect auto sales to plunge up to 80% this month.
Bloomberg noted recently that used car sales fell more than 60% already, just in the last week of March.
Manufacturers upped their rebates by record amounts, but they’re getting few takers for obvious reasons.
However, there’s a big investment opportunity coming amid the rising calls for a new federal “Cash for Clunkers” car-buying program.
And you need to buy shares of one company now before its price soars into the stratosphere….
Editor's Note: To keep reading and see what company that is, click here.
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