Post #8 by MisterFungi on the Falling Knives board

Investment Strategies / Falling Knives

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Have we reached peak bearishness?

I'm thinking not. I'd taken a small position in KMX based on Jim's thoughts along with positive arguments from M*, but I sold a few weeks ago and booked the loss.

My view is that the whole used vehicle market is in for rough times owing to high interest rates and a predatory subprime lending environment that smells much like the one in housing that caused so much damage. Even if KMX as a company is not a direct party to the predation, it seems vulnerable to collateral damage (so to speak). So I'm steering clear.

PS: Hooray for Manlobbi! I'm amazed at how quickly the Shrewdom project went from concept to reality! (But I'm wondering why the website is 'not secure'?)

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