The economic recovery that has breathed life back into equity markets after the most recent recession seems to be balancing on a knife’s edge. Corporate earnings reports have been solid, but a frustrating lack of job creation looms over every trade on Wall Street, standing as a major obstacle to ongoing economic growth. In recent months pessimism has grown more intense and the bears have come out of hibernation, as more and more investors have upped the likelihood of a double dip recession and tempered expectations for the remainder of 2010. Against this uncertain backdrop, a corner of the economy once left for dead is staging an unimaginable comeback. Believe it or not, the U.S. auto industry is booming. Factory output jumped in July thanks largely to a surge in output of vehicles and auto parts, which increased 9.9% according to data released by the Federal Reserve this week. That report came [...] Click here to read the original article on ETFdb.com. Related Stories: Direxion Files For Non-Leveraged ETFs Who Else Wants An Automotive ETF? Palladium ETF: A Play On The Resurgent Auto Industry?