The Auto Supplier stocks are exploding higher today as the Treasury is going to supply 5 Billion in Aid to the Auto Suppliers through the Auto Makers - General Motors ( GM ) and Chrysler. It looks like this is coming out of TALF. I think the US Dollar is going to pay the price for all this spending. Also, massive inflation will be the next problem....look at what Gold did since yesterday....up $65! Below is a list of the some of the Auto Supplier Stocks moving higher on this news.
Auto Supplier Stocks - March 19, 2009
Tenneco ( TEN ) - $3.00 Up 48%
American Axle ( AXL ) - $2.44 Up 57%
Lear ( LEA ) - $1.45 Up 101%
Magna ( MGA ) - $26.18 Up 4.80%
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