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Used Rocket Ship

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

We’ve all heard about how used car prices have been going. I thought I’d see if SlopeCharts had anything to say about this, and sure enough, it did. Here is, straight from the federal government, the index for all used car prices since way back in the 1950s. They actually had their own bear market, ending around the depths of the financial crisis, and for the past year, prices have done a total bottle rocket.

Here are the retail sales from used car dealers, showing the volume flow. See what a beautiful, cyclic, seasonal pattern it followed for decades? The whole channel shifted lower, picture-perfect, during the GFC, and then the FREAK SHOW over the past 15 months is here on full display.

There’s just one thing left to say.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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