Musclecar prices and the possible recession

[carnut4life]

I'm only referring to it as it pertains to muscle cars and the possibility of a recession Charley, I have zero interest in getting into a political debate with anyone.

[JRC99]

I bet this ends up being exactly like Ebola in 2014. We heard about it non stop for a month, and then it was never in the news again.

[Bill Pritchard]

Originally Posted by JRC99

I bet this ends up being exactly like Ebola in 2014. We heard about it non stop for a month, and then it was never in the news again.

Let's all hope you are correct

[the427king]

H1N1 Pandemic in 2009,spread fast,killed people[ approx 545,000] and was soon gone. No hysteria,stock market collapse,and no media hype every day. I think its obvious as to why

[Billohio]

I have been dabbling in an oil fund called USO. It's an ETP, exchange traded product. It was down 25% yesterday to lowest it's been in several years. I think it closed in the 6.50 range yesterday. It's a way you can follow the market without having to pay what barrels of oil cost.
For the last couple weeks it has been down more than the stock market and really took it on the chin yesterday. When I first got in to it, the price was in the 10 to 11 range. Seems to have days it moves quite a bit

[Crush]

Market will make a nice come back today, be ready!

[SS427]

My whole point. This was this morning.

[442w30]

Originally Posted by the427king

H1N1 Pandemic in 2009,spread fast,killed people[ approx 545,000] and was soon gone. No hysteria,stock market collapse,and no media hype every day. I think its obvious as to why

Why?

[Late BrakeU2]

Originally Posted by JRC99

I bet this ends up being exactly like Ebola in 2014. We heard about it non stop for a month, and then it was never in the news again.

Kung Flu rate of mortailty .5%

Ebola virus was 70%

The fact the Kung Flu is spreading worldwide tells you it's mild, where as Ebola never left the continent because it generally killed most folks who got it, regardless of age.

China is already through the peak of it, and getting back to producing I Phones.

As the weather gets warmer in the Northern Hemisphere, it's going to fade away.

Respective to muscle car valuations, i'd be more concerned with millenials not being in to cars in general than a virus.

Speaking of China and Kung Flu, anyone else just slightly curious to know why quite a few of the high ranking officials in Iran were the first to contract it outside of mainland China?

[EZ Nova]

Ok back to the musclecar market. Like everything thing else at this time, this market WILL take a hit and be down some. Will there be a 20% hit like some of the markets, don't know. I can see the average run-of-the-mill cars and not the cream of the crop stuff being down. Driver quality and others down as well.

AND HERE LIES THE PROBLEM. Parts are NOT going down! Body work prices are NOT going down! But with markets being down for the foreseeable future, the market will likely be hit. Now some may dump of their cars, but when a average 7/10 say late '70's F body (like 78-81 Trans am and Z28's) is going in the 20 range, makes it hard for a guy who has one that needs paint and some parts to get some decent $$$ for it.

I just finished a meeting with my financial guy, and what my stuff is down, NOT GOOD.