BTW - more bad news:

https://i.postimg.cc/Xvfcyzn5/screenshot-7702.png

New York City Movie Theaters Ordered to Close Amid Coronavirus Pandemic

https://www.hollywoodreporter.com/ne...ndemic-1284783

This is what is needed to flatten the curve. Don't leave it in the hands of the general public, who has already proven to be irresponsible about dealing with COVID-19.

Very Likely that this is it: https://www.dailywire.com/news/repor...st-coronavirus

That is the second good piece of news I have seen. This was the first:

Roche gets special FDA nod for Covid-19 diagnostic test

https://medcitynews.com/2020/03/roch...agnostic-test/

In the mean time 4 weeks ago, I didn't trust the media to know winter from summer or night from day. Just because they're not talking impeachment this week doesn't mean that they suddenly got smart.

Sure there's a virus. But I'm convinced it's danger pales in comparison to the danger of the manufactured panic the media is stoking 24/7.

I do not want to be looked at as "Chicken Little." At the same time I do want everyone to heed what is recommended by the professionals even if it alters your style of living.

Yes the media is 'stirring the pot" but look at just the headlines:

https://www.bloomberg.com/

The market has been a day on day off Bull Trap for the last two weeks. Predicted it and sidelined my money.

The media is driving the market and everything else into the toilet.

The scariest thing about this is that the people of this country cannot trust the media to give them the truth without sensationalizing it or politicizing it, or out and out lying about it. Think about that, your source of information cannot be trusted so the "facts" get twisted to support the politics.

An even worse pox on those who choose to weaponize a national emergency when this ends - and it will.

This makes total sense to me. More people should be doing this. We are.

https://i.ibb.co/swtHv2C/Example.jpg

The media blah blah blah.....love it how the members of the tribe constantly push their agenda in a thread titled "Musclecar prices and the possible recession," ignoring such things as actual experts at the CDC saying one thing and the WH saying another. Hell, my sister works for the NIH and their guy in the big office isn't allowed to say anything official without being cleared by the WH....I mean, really? Is that what we have become? It's effed up.

Do we really have to be subjected to this on Yenko.net?:dunno:

So with all your years of expertise and wisdom, please give us your opinion on "Musclecar prices and the possible recession." I don't see that in your post Diego.

I offer no expertise or wisdom, but I know when I smell $#!+. Apologies if my post was dissonant for you.

I agree. The winners here are going to write the history and it always happens exactly that way, so if some people see a muscle car as an investment and want to debate how world events can impact that investment then who are we to tell them they cannot have that discussion?

Not at all. But I do know that any discussion of politics is forbidden here at Yenko.net.

https://i.postimg.cc/yNq9T4jd/santa-ana.jpg

ALBUQUERQUE, N.M. - Santa Ana Pueblo and The Tamaya Enterprises Board of Directors announced they will temporarily close Santa Ana Star Casino Hotel beginning Sunday, March 15.

The 30-day closure is part of an effort to promote social distancing amid the COVID-19 pandemic.

Inovio Pharmaceuticals set to trial Covid-19 vaccine in April

https://www.pharmaceutical-technolog...cine-timeline/

I think for those investors that had the foresight to pull their money out of the market 2-3 weeks ago could find some sweet deals on quality musclecars and I told myself 3 weeks ago the market was about to go through a correction but I did not act on it. Now, I am stuck with a 30% loss and have decided to ride it out and may even put additional money in the market since there are some good value's out there. I don't see musclecar prices falling 30% so now they are more expensive to me, forcing a possible purchase to be delayed. Another big factor for me is that my business is tied to the oil industry, so with prices in the $30 a barrel range, income could be cut by 50% or more. This really reduces the cash available to play in the musclecar market and could force the sale of some of my cars.

I wasn't going to weigh in here, because everyone seems to have become an armchair disease expert and economist on here in the last week, but WOW, WOW... This post....And somebody said there's no politics allowed on yenko.net???? Yeah, right! Holy crap, this reads like a hand-out to all the Junior Interns who got hired at the White House last month.

You don't like your country's media? Then turn on the BBC or the CBC (that's British Broadcasting Co. & Canadian Broadcasting Co. if you're not sure) They speak English, but you'll find that the "news" isn't any less grim and sensational because this is a REAL pandemic with REAL consequences and REAL deaths. To the guys here bashing the media - we get what party you vote for, loud & clear. Don't try and disguise it behind a car comment. Pack it up and take your campaigning somewhere else. This is a MUSCLECAR FORUM not Breitbart.

As to car prices, this will make the slide that's been happening move a little faster. But the good cars will take a much lesser hit, as the Fuller LS6 vert showed. Same as any market downturn, it's a no-brainer.

Now please, somebody lock this thread or start moderating it cuz it's at a B.S. tipping point.

I absolutely disagree with your post Tracker; this is an important topic that needs to be discussed. I appreciate different points of view, and so far, there only seems to be some reasonable disagreement (relatively respectable I thought considering the sensitivity of the subject). Why shut it down? It's up to Steve if he wants to, and I understand if he doesn't want it on here so it doesn't degrade, but I'm a full believer in free speech even if it disagrees with my own views, and you seem to be the only one injecting specific politics into it with that statement. Can we not just remain above the fray and have respectful discussions without getting into ad hominem attacks?

Tracker,

Look when people take the thread into the ditch and away from the cars and start posting media hype the matter becomes matter a fact then doesn't it?

To be fair this is This is a Muscle car forum-- right you are-- so why do links to media keep getting posted here to add to the fear?

That is precisely the point I am making in my replies to this thread to date.

Did anyone watch Mecum? Not encouraging. The longer term concern is boomers are in their fall and winter of the hobby, and younger folks can't relate to muscle cars on a scale like our generation.. because they didn't experience it first hand like we did.

If I am being accused as a Fear Monger let me apologize to all. It was my intention to post articles and discuss issues that would help members get a better understanding of the current situation that is affecting all of us.

I took this liberty with the best intentions. The thread starter asked for speculative opinions: Musclecar prices and the possible recession. I saw that as an opportunity to discuss the possibility of a recession based on the issues that are causing said recession; COVID-19 and what has happened to the Oil market. If you believe it is anything else then we agree to disagree.

I have stopped posting in this thread and have moved over to my thread: You Can't Make This Stuff Up! If you would like to discuss these two issues further it is probably a better place. Of course someone (not me) could start a new thread in the Lounge Forum specifically dealing with the COVID-19 pandemic.

Lee Stewart

Lee,

I am not sure we need a thread on an issue which will be in all likelihood a non issue in 60 days or less.

We just hurt ourselves and the hobby in the process if we give in to the fear and hype currently surrounding this.

YOU said this epidemic was a media "hoax" in your post on March 10 - now, gee, who talks like that and uses that kind of phrasing...hmmmmm....let me think. Try telling families who have lost loved ones to this that they are the victims of a hoax - let's see how that goes for you.

This above phrasing in certain posts is what I am referring to markinnaples - I'm just calling it out. If you don't see it, and smell it, I can't help ya.

There have been some links here that are useful and helpful including Tenney's youtube link. i found it informative and thank him for posting it.

silver down 30%, ford down 38%, oil down 50%,disney stock down 32%,mecum 70 cuda down 8%...........you decide where to put your money LOL

It's summer in Australia.

The media sensationalizes everything as a general statement. For instance when we get 3 inches of snow here on Long Island it's considered a blizzard and half the island shuts down.


I use that as an example of our local media outlets. I certainly don't want to minimize the present situation. Regarding our site quite honestly I get tired of all the updates posted on how far the stock market has dropped. You can get real-time analysis from whatever news outlet you fancy.


The steps that have been taken to curb the spread of the virus hopefully will have the correct effect. There are unknowns and peoples natural reaction is flight or fight. Lets fight through this together.


The best thing we can do is support each other, discuss our projects, new acquisitions and how your car performed on your last drive. For example I took the 67 L78 survivor Camaro out yesterday. With 456's I can't shift fast enough, with D-70-14 the tires grab like I'm on snow, and at 50mph I'm running 3150 rpm's. With that said, I enjoyed the heck out of the drive. Oh I took a picture when I stopped at a Harbor Freight store. met a bunch of motorheads and talked tools :)


Let's stick to the ultimate mission/goal of the site, a place where likeminded enthusiast can exchange ideas, develop friendships, and help other hobbyist and share our car experiences.


Lets get back to our mission......

Please! Take the time and effort to educate me where you firmly believe the COVID-19 pandemic here in the USA will be a "non-issue in 60 days or less."

Lee,
No need to apologize as I feel we all appreciate your inputs on this site. I feel it is ok to have healthy debate over things as we are all individuals and cant possibly agree on all things. (as long as it does not turn into personal attacks)

No one knows how this will turn out and that causes worry which makes sense. Sometimes chatting it up with like minded individuals (cars not political affiliation) eases some of the worry.

I have some worry, My wife and I are 44 years old. non smokers and live a healthy lifestyle but she got severe pneumonia 2 years ago and still has respiratory issues.
I have 2 young kids, one in day care...

My wife and I are both Employers to 8 people that have families and rely on us as much as we rely on them.

With that being said I think we are all going to be Ok as long as we have our families and friends/friends of this site around us!

Maybe it's time to buy some United Airline stock trading now at 1/3 the price it was back in December. Once the pandemic is under control and people get back to usual life and flying again, the stock should rebound or at least double what it is now in 6-12 months. Then I can afford to buy that nice 66 Nova I have been wanting....

Steve, your Camaros are absolutely stunning, every one of them!!!

Amen!

OK here’s some good news we will all benefit from lower gas prices so we can drive our cars. Who knows maybe they’ll get back to 70s prices! Russia and Saudi Arabia are going to continue to produce more and more who knows……

Yes perhaps I can get a deal on Turbo Blue... Lets go drive em!

I've already talked about some of the reality here on the ground in Seattle. I now have someone close to me who is advanced in years, showing symptoms, and is going to be tested for COVID-19. Its real AF for many of us, so while I'm open to debating responses and policies, I have little patience to engage with anyone referring to this situation as a hoax.

I value this community-its why this is the one website I've frequented pretty much since I began surfing the internet. It has consistently remained informative and above the fray of petty internet BS. I'm hugely appreciative of it in many ways-everything from learning how to analyze Chevrolet engine stamp pads to actually having several people share the wrenching loss of a spouse or child. That's not par for the course on internet boards.

I appreciate the honest and open discussion, and hope it continues in most ways. One thing I took away from the 2016 election/culture war, is that scolding-especially in a snarky, dismissive way-is really only for the poster's ego and isn't going to actually sway anyone's opinion. Nobody is listening after they are insulted. They just aren't, whether they've just been called a "snowflake" or a "deplorable". So, if you read back what you've typed and it reads like a scold for not feeling the way you feel, delete it and try again or go work on your car.

I love these old cars. They've been dominant in my life since I was about 4 (really) and my business for half my life. I'm 50 and I'm fortunate to have a comfortable life, mostly related to marrying a great partner with skills she could monetize. Most of my regular clients and close friends in this hobby are older than me-many are as old or older than my Dad. I'm not really sure where some of you get this endless optimism about the market for these cars, even the "blue-chip" collectibles. I certainly don't think the market is going to end in my lifetime, but I struggle to come up with people I know personally my age or younger who I really believe will EVER line up to pay six figures for a 1960's muscle car, regardless of how well their portfolio is doing. Who is in the BJ/Ebay/Mecum audience in 10 years?

As for the near future, I think that the best stuff will stay strong if the economic fallout isn't too severe. In 2007, I saw a lot of cars hit the market and a lot of serious collectors get squeezed by their debts. Most of them were self-made contractor types and they had too many notes come due. Not only were they no longer buyers, they were having to liquidate some awfully good cars. As for the rest, I can't see the bread and butter middle market doing anything but settling. Few people can be thinking of looking for a random Camaro or '57 Chevy to take to Cars and Coffee in the summer of 2020, whatever they think about their personal risk to Coronavirus.

As ever, thanks to the forum for letting me share my .02c.

TOM

I would wait on that, my buddy said the same thing and i bet him it would be half of what it is now by summer. Airline 1st Q #s will be bad, but will look stellar compared to Q2.
https://finance.yahoo.com/news/air-c...164906718.html
jmho

Everybody- Stay Calm, Don't Panic, Turn the TV off and give it a rest.

Marking the Calendar for 60 days from today. We will be sure to revisit our progress then as we come together to beat this.

Tracker-
You don't need to be an expert on disease or economics, just common sense.
I posted the statistics on daily car accidents, since it is a car site, and I guess fear over rules logic.
Killed everyday, around 3500. Injured or disabled around 100,000 daily. Add those numbers up since covid 19 showed up. In just 2-3 normal days, more deaths in driving than covid 19 total.
Mortality rate 10x more. Chance of getting in an accident are also 10x more than contracting the virus.
So, don't get in your cars, and drive to the market and clean out the shelves, I had to drink my coffee without cream this morning.

And, I only jump in the market, when there is major fear Driving the stocks down. In this case, the fear lows are not here yet.

Wow, DJI falls 3000 points today, worst selloff since Black Monday 1987. Looks like we are in for an extended downturn, this is crazy!