Baron Rotschild’s saying after the Battle of Waterloo is as true today as it was 200 years ago “Buy when there is blood in the streets”. Of course, the rest of that saying was “even if the blood is your own”, which just amplifies the nature of the opportunity presenting itself today. Will prices go down from here? Maybe, possibly even probably. Will they be a lot higher a year from now? Very likely in MHO. I don’t give stock advice and I accept no responsibility for anyone who trades based on my opinion.
John Sent from my iPhone 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 https://www.cars.com/vehicledetail/detail/799359553/overview/?aff=acqem100&emc=acqem100&utm_source=Iterable&utm_medium=email&utm_campaign=campaign_Saved%20Search_Inventory%20Alerts_PriceDrop_CarFaxC&smtrctid=160376760
RF4-4EVR
Scars are Tattoos with better stories !
If you have no enemies, you have no character !
Clyde Romero
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