Optionsellers.com

Good afternoon. This is James Cordier of OptionSellers.com with a market update for August 4th. Recently, my wife and I were driving through Tampa and we were driving past the Tampa Port Authority. Christa says to me, “Look at all the cars.” I looked to my left and I saw the largest car lot of my life. All cars with the exact same emblem on the front, the only difference was the colors of the car. They were sitting looking for a home. It looked like a sea of automobiles waiting for the car dealer to possibly call them and say that they needed them. 30 days later, those cars are still there. I noticed that again today… Interesting. Over the past week, automobile sales came out approximately 15% below what they were in this same period last year. Automobile inventories were approximately 40% higher than where they’re supposed to be during a healthy U.S. economy. Practically every barometer of the U.S. economy right now is showing either signs of stagnation or great weakness. It’s quite interesting… you have t