The negative take is that corporations are cutting back on production because they are pessimistic about future sales.
John D. Morris, an analyst with Wachovia, said in a report this week that most retailers were pessimistic about November sales when they discussed their earnings this month.
But it issued a pessimistic forecast for sales of cars and light trucks in the United States next year, blaming economic and political uncertainty.
C1 Quarterly net income at DaimlerChrysler more than doubled, but the company issued a pessimistic forecast for auto sales next year.
Chrysler does not report results now that it is privately owned, but the company said last week that it would cut 11,000 more hourly and salaried jobs, in part because of its pessimistic outlook for auto sales.
Like many other residents, Father Ouderkirk said he remained unsure whether to be optimistic or pessimistic about the potential sale of the plant.
The pessimistic play involved the sale of 5,000 calls at the July $50 strike for a premium of $0.60 apiece, spread against the purchase of 5,000 puts at the lower July $40 strike for a premium of $1.35 each.
NAR has argued that pessimistic appraisals overly influenced by distressed sales are contributing to weak sales.
A new report by Goldman Sachs is sharply pessimistic about the robustness of auto sales and the underlying health of the Big Three.
In the tests conducted for this country, we also find pessimistic movements of proportion of total sales that are exported indirectly (p < 0.01), a serious indication that domestic companies are lagging in creation of competitive output.
