1961 Corvette 4 speed 270hp

[Salvatore]

[ QUOTE ]
Dropped 500+ yesterday. Unemployment figures may come out today, so I expect another wild ride. Call me crazy, but I'd rather buy a nice collectable car or vacation property than stay in the market & watch it continue go south

[/ QUOTE ]I think that was true a few years ago Jude but anymore I think alot of people are buying nothing and just keeping some of their available play money close to home for an emergency. The average guy that has say $25,000 to spend on a car is probably all the money that person has. A few years ago that person would buy that car knowing that his job was fairly secure and he could make more money to replace that. Today if you are not really well off you are not going to plunk down $50-$60,000 on a car if you think that there is any family jeopardy in your future. Most people are certainly not going to go get a loan for that kind of money to buy a non necessary musclecar I don't believe. I assume dealers look at things different than collectors. I buy to keep! The average "Joe The Plummer" here is being hindered by lifes day to day problems and the economy and fear of not knowing whats around the corner. Take it from us we have 4 kids and helped send 3 to college and one to trade school. Its scary out there for the small fry like me. I am being more selective on what I am buying lately.

[Stefano]

Hmmm......interesting. Several of the recent (more than $25,000,00) sales were to Customers in the Plumbing Business However, none were named Joe.

[Salvatore]

S&^T flows down hill and paydays Friday is ther motto!

[ORIGLS6]

"S&^T flows down hill "

Yeah, and I live at the bottom of the hill!

[TXZS]

Actually, payday is Monday. If you pay them on Friday, they won't show up on Monday.

[NovaMob03]

A close family member just 'lost' 300K in the market. Granted, it's just a paper loss, but the recovery to past market levels will be slow. It could have paid off a mortgage, paid for a vacation spot or bought a really, really nice car
The fact that Stefano's moving some high & low end cars is a promising sign for the hobby & that maybe there are some others out there that think like I do. We have a better chance of stabilizing the collector car market than the experts have stabilizing the stock market. JMO
I have no faith in brokers that use other's money to make their living, or in the stock market. I'd rather gamble it myself on something I can enjoy. You don't always win, but it's better than someone else losing it for you.
Life is short...do what you want before it's too late

[MosportGreen66]

Promising sign or common sense?

A smart investor knows his limits and diversifies. If the stock market is bleak, then invest else where. Tangible assets (cars) are a sure way to enjoy your money. If you make a buck doing so, awesome, if not, the value of fun must be factored into the equation!

[Mr70]

I won $25 just by betting on the Phillies,then I went to the bathroom.