Go Back   The Supercar Registry > General Discussion > Supercar/Musclecar Discussion


Reply
 
Thread Tools Display Modes
  #1  
Old 03-16-2020, 12:03 PM
Hotrodpaul Hotrodpaul is offline
Yenko Contributing Member
 
Join Date: Mar 2005
Location: Houston, TX
Posts: 1,017
Thanks: 0
Thanked 75 Times in 45 Posts
Default

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.
__________________
70 Camaro LA Z-28 03B Citrus Green LT-1 M-40 3.73's
69 Camaro X-77 Z-28 10C Cortez Silver M-21 3.73's Deluxe Project X - SOLD
69 Camaro X-77 Z-28 01B Garnet Red w/Black top, M-20 3.73 Deluxe Houndstooth
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 01:33 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.

O Garage vBulletin Plugins by Drive Thru Online, Inc.