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TTAC’s advisor in cross-cultural affairs, Frau Schmitto-san, advises me that “itay” means “pain” in Japanese. Nomen est omen: Pessimistic remarks of an analyst named “Itay” sent car stocks down this morning. By mid day, Ford had dropped 19 cents, GM lost 53 cents. All because Citi analyst Itay Michaeli thinks the car market may not be as hot as some think. (Read More…)
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