Look, for instance, at what happened to the auto stocks today.

And auto stocks are trading much lower than they were three months ago.

When the fight started in November 1994, auto stocks looked cheap.

Six months later, Knight did something that caught the attention of everyone who followed the auto stocks.

Auto stocks, which had been beaten down recently, bounced back.

By many accounts, auto stocks should have rallied on the news.

Retailers should do better and maybe even the auto stocks might start to stabilize.

Some of those who suffered the worst were investors in auto stocks.

Auto stocks, which peaked during the spring, are down, in some cases substantially.

Q. Is there any reason to look at auto stocks as good long-term investments?