Is The Hyperloop Behind The Intra-day Airline Stock Plunge?

This morning, the leading airline stocks are all plunging lower at the start of the trading session. Leading airline stocks such as United Continental Holdings, Inc. (NYSE:UAL), Delta Air Lines Inc. (NYSE:DAL), and US Airways Group, Inc. (NYSE:LCC) are all trading lower by more than 4.0 percent.

Yesterday, the founder of Tesla Motors, Inc. (TSLA) Elon Musk announced a new transportation venture called the hyperloop. This is a tube system that can transport passengers at extremely high speeds. Mr. Musk said that a trip from Los Angeles to San Francisco would take about 30 minutes. He also stated that the fare for the trip would be less than an airline or a traditional railroad ticket. Elon Musk has been known to make the unrealistic a reality, so this announcement could be affecting the airline stocks today.

For those of you that have studied cycles should know that the transportation sector seems to go through a revolutionary change every hundred years. It was roughly 100 years from the steamboat to the airplane which debuted in 1914. It is now 2013 which is nearly 100 years from 1914 so it should be no surprise to us that another revolutionary form of transportation is about to be developed.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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1 Comment on Is The Hyperloop Behind The Intra-day Airline Stock Plunge?

  1. The airplane debuted in 1914? Here I was always taught the Wright Brothers flew in 1903. Or did you mean the first airline flew in 1914?

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