kingworldnews.com / January 11, 2017
Today Jim Brown, Jeff Gundlach, Doug Kass, Art Cashin and others discuss what surprises to expect in major markets.
Here is today’s note from legend Art Cashin: On this day in 1913, the Automobile Show opened in New York City (pictured below).
Since it had begun at the turn of the century, the New York Automobile Show had grown more and more important with each year. After all you needed a flivver to go with that new hot item the raccoon coat. And if you had the flivver, you definitely needed the coat since all cars were “open”. That is until this year.
The sensation of the show was an entry from that new upstart, the Hudson Motor Car Company of Detroit. The folks at Hudson introduced a four door fully-enclosed vehicle, which they called “a sedan.”