Ferrari Mailing List: Re: Prices failing like crazy

[Jashburne (jashburne]

After this week’s stock market, what are the chances they would hit a bid of $50k?

Back in the Fall of 1987, I was in the market for a 5 series BMW, my first new car ever at that stage of my life. Black Monday (stocks down 22% in one day) came along and my wife assisted in negotiating a screaming deal on an E Class Mercedes at more than 20% below MSRP two weeks after BM when the entire world was expecting another Great Depression. 

For investors who have a time frame longer than a year or two and who are still buyers (I.e. building investment wealth), now is the time to remember that you are more a buyer than a seller and stocks are now on sale. 

As for Ferrari’s,  prices are heading back to more sane levels for the time being, most especially for the mass produced models built after 1990. They will continue down in price quit a while after stocks bottom out so keep your wallet in your pocket and be patient. Prices are coming your way. 

John

Sent from my iPhone

On Mar 12, 2020, at 4:40 PM, Clarence Romero Jr. <clyderomerof4 [at] gmail.com> wrote:

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