Sunday, November 13, 2005

Passing a grim grim milestone

No Pasaran reports on the French Unibody Count. Note, however, it is only thru 8 November. It must have surpassed 10,000 by now.

And in market news, there is still room for up movement in French auto stocks, both still well below their 52 week highs. But look for the current increase in car demand to level off in the near future as a saturation point is reached and investment flows to rapidly discount this demand trend. Expect a move from buy to hold towards the end of the quarter. Meanwhile, in the insurance sector, a sell recommendation will continue into the foreseeable future as there are a wide range of assets other than autos that are flammable.

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