Ford Motor Company (F)

[BillyIdol]

I agree since the last drop was right after the Brexit and it got down to around 12.20 but quickly recovered once word got out that the Brexit fears were less justified than once thought and less impact will be felt.

Now, it is looking like the fears are more well founded and people are reacting once again.

Also, the notion of the auto industry reaching its peak is also spooking the market now that the July sales numbers are supporting this idea.

If you ask me, it is all overblown and fear got the best of people causing a mass over-reaction. Hopefully, things will correct itself in short time.