Most, if not all, of the pandemic gains have been given up by the high flying stocks. Not sure about recession, but certainly the party is just about over.
Huracan pricing bubble
I don’t know about anyone else, but these prices are getting out of control. Evos with 5k+ mileage asking for 350k plus?? Performantes in the high 300 low 400 range? 610s approaching 300? At some point this has to relax a little. I’m just some old guy venting that when he finally has enough to purchase the cars that the asking price keeps getting higher and higher.
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Recession seems pretty likely but is not something to fear in and of itself. If we have a slight technical recession, no harm, no foul. The real trouble would be a recession in the midst of high inflation and without rates high enough to assuage the recession by cutting a little.Most, if not all, of the pandemic gains have been given up by the high flying stocks. Not sure about recession, but certainly the party is just about over.
Agreed. At the end of the day, what are the catalysts that can push this market higher or keep it inflated? I don’t see other assets rising from here and this has to be considered a high beta asset.Recession seems pretty likely but is not something to fear in and of itself. If we have a slight technical recession, no harm, no foul. The real trouble would be a recession in the midst of high inflation and without rates high enough to assuage the recession by cutting a little.
I’m not sure about ur upbringing but we were very middle class and as a 20 something had nothing but debt so worrying about depreciation is engrained in my DNA. I’m 50 now and have plenty of money but still eat at McD’s cause it’s cheap and that is what I could afford in college. Hard to change one’s DNA even when others tell you to do so.Life is short, buy what you love if you can afford it -stop worrying about depreciation when it comes to cars.
I hope not to be immediately labeled as a boring economist after my first couple of posts(should be a car forum, right?) but from where I am standing it seems like 2 scenarios are the most likely. The rates will keep rising but not fast enough to keep inflation under, which will lead to what banker describes ie a pretty rough recession by modern standards(because things are too overvalued as they are and correction is necessary). Or they won't accept an "official" market crash and recession and follow up with more QE, which will cause values to sky-rocket once again, all while actual living conditions and buying power deteriorate.Agreed. At the end of the day, what are the catalysts that can push this market higher or keep it inflated? I don’t see other assets rising from here and this has to be considered a high beta asset.
Some people need to come to terms that we're not holding on to some precious asset that will continue to skyrocket in value. We had a good run but it's time to come back down to reality because the last thing you want is getting caught with your pants down when everything goes to sh!t.
Well, the S&P reached bear market 20% decline today at some point. The Fed isn’t backing off hiking rates yet. If you’re looking for a crash from this level, then it’s going to get ugly……Most of the high valuation stocks have already been decimated 50-90%I hope not to be immediately labeled as a boring economist after my first couple of posts(should be a car forum, right?) but from where I am standing it seems like 2 scenarios are the most likely. The rates will keep rising but not fast enough to keep inflation under, which will lead to what banker describes ie a pretty rough recession by modern standards(because things are too overvalued as they are and correction is necessary). Or they won't accept an "official" market crash and recession and follow up with more QE, which will cause values to sky-rocket once again, all while actual living conditions and buying power deteriorate.
I’m convinced there is group of people that are collapsing our country on purpose.
Everything this administration is touching turns to siht.
How is it under Our previous president all was well...the country seemed to be doing well.
Today i heard that the WHO will BE IN CONTROL of our pandemic issues.
I wish i can find a better country to move to i’m FED up with all this nonsense.
Everything this administration is touching turns to siht.
How is it under Our previous president all was well...the country seemed to be doing well.
Today i heard that the WHO will BE IN CONTROL of our pandemic issues.
I wish i can find a better country to move to i’m FED up with all this nonsense.
November will present the first opportunity to begin ending the nonsense
House and Senate coming back to us this November.
Agree with everything except not interested in finding a new country. Let’s just get ours back on the right path.I’m convinced there is group of people that are collapsing our country on purpose.
Everything this administration is touching turns to siht.
How is it under Our previous president all was well...the country seemed to be doing well.
Today i heard that the WHO will BE IN CONTROL of our pandemic issues.
I wish i can find a better country to move to i’m FED up with all this nonsense.
Yes, same here. I love this country, but right now we have the wrong people in charge. November can’t come soon enough.Agree with everything except not interested in finding a new country. Let’s just get ours back on the right path.
Gentlemen this country is a good country i’m came here as a little boy from Athens greece.
My parents brought me here for a better life ...and i respect and love this country which gave me opportunity to create my wealth but i am very sad and i feel this country is finished just like the collapse of Rome.
Iam happy to here you guys are positive but i’m just not hopeful anymore with everything going on
and looks like we are all going down with a sinking ship.
The DC swap is so corrupt and dirty Both sides dems and republicans.
We need to clean house and no one is strong enough to do this...not even Trump.
My parents brought me here for a better life ...and i respect and love this country which gave me opportunity to create my wealth but i am very sad and i feel this country is finished just like the collapse of Rome.
Iam happy to here you guys are positive but i’m just not hopeful anymore with everything going on
and looks like we are all going down with a sinking ship.
The DC swap is so corrupt and dirty Both sides dems and republicans.
We need to clean house and no one is strong enough to do this...not even Trump.
I strongly believe we can get this country back on the right track when government officials are placed in positions based on competency/experience and not what they look like. Can you imagine what your businesses would be like if operated like this administration, probably not be in a position to own an exotic.
I hope ....i can only hope.I strongly believe we can get this country back on the right track when government officials are placed in positions based on competency/experience and not what they look like. Can you imagine what your businesses would be like if operated like this administration, probably not be in a position to own an exotic.
Well, I was confident Trump/Pence were going to win re-election but then incoherent Biden and incompetent Harris won so, until I see the results this coming November I remain hopeful but not overly optimistic. Though, even if we triumph in November and regain the House and Senate the Democrats still have enough time to inflict significant additional and possibly irreparable damage.
Al i don’t know if you watched this movie...but if you didnt go watch it.
2000mules.com/
2000mules.com/
Thanks, I'll check it out.Al i don’t know if you watched this movie...but if you didnt go watch it.
2000mules.com/
Don’t remind me….lol. I lost $25K betting the electionsWell, I was confident Trump/Pence were going to win re-election but then incoherent Biden and incompetent Harris won so, until I see the results this coming November I remain hopeful but not overly optimistic. Though, even if we triumph in November and regain the House and Senate the Democrats still have enough time to inflict significant additional and possibly irreparable damage.
Really, I was telling my wife prior to the election it was going to be a slam dunk but instead we got slam dunked. The Democrats have a full proof solution if a Republican is winning they just trot out a bunch of suitcases, and that's all folks.Don’t remind me….lol. I lost $25K betting the elections
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