The economy and stock market are just booming based on companies saying they are making record profits. BUT I wonder if it is really gains or just them surpassing their "goal" profit. NO WAY these car companies have made the record profits they are reporting with production at a stand still. ZERO ,YES ZERO new cars or trucks on the GM , Ford or Toyota car lots here in my area. Haven't been for over 3 months. I had a new Tahoe ordered since March and finally the dealership called me and refunded my deposit. CAN'T get one with the options we want . PLUS don't know when any Tahoe will come in.
With shelves bare and months even up to a year in delays on products how are most companies making money. We added a family room onto my detached garage and the furniture we ordered was supposed to arrive in july. Store called and said November at the earliest.
Something doesn't add up

Oh yea it's electronic money. Key strokes and anything can "look" good. Won't be any negative financials as long as BOBO is still Prez.

No way market should be this high with all the negatives going on. Inflation, LACK OF PRODUTS to sell, illnesses, turmoil in middle east, border mess , High gas prices.

Consider how much less the company is spending on parts they can't buy and labor they can't use. It's not like they didn't have any parts in inventory. They can still build a few cars. And due to inflation they can charge a lot more for the few cars they do produce. Look at the used car market. It's incredible right now. Companies like Car Max and Carvana .........that usually earn 1-2000 per vehicle are now making 4-5000 per vehicle, gross profit.

If companies were lying about their earnings, there would be short sellers all over the stocks as well as SEC probes. Shareholders aren't stupid. Especially the institutional shareholders . They are able to calculate within a penny or two exactly what the numbers should be.

I wouldn't be quick to assume profit reporting lies from major public corporations who are heavily audited, and run by a reputable board of directors. Many large mutual fund companies track these companies as well. Is is possible, and it has happened, but it is uncommon. Nothing kills corporate stock like being caught cooking the books. Institutional investors with major holdings will dump their stock and run for the doors when this happens. Then the news media discovers it and we learn a day later.

BUT the issue is they are still making cars full bore ! JUST parking them incomplete somewhere waiting on the conductors. SO selling ZERO but still paying labor and utilities. FOAM for seats and electronics is the stopping point.
Ford has nearly 40,000 pickups parked at the KY speedy. So calculate the EXPENSE to build them with ZERO income from those sales. That is one big expense coming off the bottom line IF you calculate it properly. BUT if the President is PRO union no union company going to make him look bad. I saw for myself the trucks sitting at the speedway !!!


That is just one lot !! I got 5 more pics of across the road from the speedway and behind.