I was talking with my investment counselor (stock broker) today about the possible opportunities for making some money on Ford and Toyota stock if the market corrects itself, as many suggest is long overdue.
Now I’m not a Wall Street genius, and just returning my portfolio to pre-2008 would be cause for a huge celebration, however, as the crisis-turned-revolution in the Middle East put the world on notice, I wanted to talk to an expert about gas and oil prices and the possible correlation to automobile stocks.
I, like many American’s believe the recent jump in gas prices is a cliché for Big Oil to grab more profits, and as such the old “If you can’t beat ‘em, join ‘em” may be the only answer to making back some of the money going into the tank.
However, as my stock advisor pointed out: auto stocks, much less the market in general, barely blipped over riots in Egypt. While I lamented about missing Ford at $3.00 a share a year ago, it’s now at $16.00 an almost high; I noted Toyota, at $97 today, was also close to its high: $106.00, less than a year after devastating accusations which have since been deemed improvable and most likely driver–related.
It’s a funny thing about the stock market, it’s driven by emotion, i.e. FEAR.
Yet as gas prices climb, Ford and Toyota, with more hybrid, alternative fuel and higher MPG vehicles in their garage than any other car company is seeing consumers focus shift back to fuel economy while their stock sits off its high. Huh? It’s like we’re waiting for the other shoe to drop.
Is that the correction my advisor says is eminent, or a much larger explosion in the oil producing states?
Either way, I’m hedging my bets with an advance order on Wall Street and manufacturer allocations of Prius, Fusion and every 4 cyl. getting 30+ mpg. ——————————————————————————————– If you need any car buying, selling, trading or financing assistance on any new or used vehicle, please do not hesitate to email me at sarahlee@mycarlady.com,mvides422@gmail.com,carlady@cox.net or give me a call; 702-521-7546 I’m here to help you with any of your automotive needs and advice is ALWAYS free. Sarah Lee is an automotive executive with 22+ years of experience. She writes about Cars, and is a staunch consumer advocate on car related subjects. Her company: MY CARLADY is a personal car consultant service committed to helping you manage your fleet, one car or many. Servicing, selling or buying, MyCarlady understand how to get the best deal: new or pre-owned. You can reach her at sarahlee@mycarlady.com,mvides422@gmail.com,carlady@cox.net]]>