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Stock Market versus Classic Car Market

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Amazon had both Toilet Paper and Paper Towels this morning.

 

Automakers are shutting down "to protect their workers." That dealers are overflowing with new cars as sales plummet has nothing to do with it because that would be a layoff.

 

Florida is essentially shut down except for Deseret and the groves.

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I was in one of the larger citys near me and I noticed that there was a lot of used vehicles on the lots and several new  lots .

Looks like the ONE World Order  Group are taking over.

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Posted (edited)
6 hours ago, padgett said:

 

Florida is essentially shut down except for Deseret and the groves.

 

 

Maybe where you  are..  I don't know what a "Deseret" is and the groves????

Edited by John348 (see edit history)
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Ford stock down from $9.50 to $4.50

GM $36 down to $16.80

Boeing worse $344 down to $101

United Airlines $89 down to $21

Exxon $69 down to $33

Haliburton form $22 to $4.61

Bank of America $35 down to $20

 

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BUY BUY BUY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

🙂

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3 hours ago, mercer09 said:

BUY BUY BUY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!🙂

 

6 hours ago, mike6024 said:

Ford stock down from $9.50 to $4.50

GM $36 down to $16.80

Boeing worse $344 down to $101

United Airlines $89 down to $21

Exxon $69 down to $33

Haliburton form $22 to $4.61

Bank of America $35 down to $20

 

I agree.  One can't time the market, but it's clear

that there are some good values out there.  It's almost like:

 

1965 Ford Thunderbirds down from $9500 to $4500

1965 Buick Riviera GS's down from $36,000 to $16,800

Shelby Mustang GT's down from $344,000 to $101,000

Pierce-Arrows down from $89,000 to $21,000

A beautiful brass-era Cadillac down from $69,000 to $33,000

Cutlass 442's down from $22,000 to $4610

1969 Camaros down from $35,000 to $20,000

 

Might you consider buying one?

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13 hours ago, padgett said:

Florida is essentially shut down except for Deseret and the groves.

I thought the beaches are still open, as the Governor refuses to shut them down.

 

Craig

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Posted (edited)

Maybeso but with motels/hotels facing massive cancellations it is mostly natives.

 

Deseret is much of the reason that the turnpike has about 100 miles from St. Cloud to Ft. Pierce with only one exit (Yeehaw Junction).

 

News this morning is no new cases in Wuhan and Amazon has toilet paper available.

 

Am mostly a self-sufficient recluse anyway so no big. Much harder on some social animals I know.

 

When a nice driver XLR hits my price range, I'll jump. Have a space waiting.

 

ps just found out many beaches are closed now.

Edited by padgett (see edit history)
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All - while working alone on my current 1918 truck restoration and listening to both the lefty and righty radio channels, I’ve had a lot of time to think. COVID19 virus, stock market plunge, massive layoffs, shortages of healthcare guys, etc. Here is what I predict and I hope I’m wrong:

1. Dow keeps dropping to 15,000.

2. Most retirement and 401ks down 50% by this summer. 

3. China tries ramping back up , but second wave of COVID19 keeps coming back. Nothing works without a cure.

4. States mobilize their National Guards to help healthcare but also enforce a new national quarantine.

5. US is ordered under true Marshall law-type quarantine at home for two weeks this April.

6. Virus keeps spreading, slowly in US for 18 months til vaccine is arrived at.

7. Federal Stimulus bills will almost “bankrupt” federal government. As a result, Paper money value will plummet.

8. US real estate values will plummet.

9. Over the next 18 months to two years, US economy is damaged worse than Great Depression. Worst damage ever in our history.

   Hope I’m wrong. Ron

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4 minutes ago, ron hausmann said:

All - while working alone on my current 1918 truck restoration and listening to both the lefty and righty radio channels, I’ve had a lot of time to think. COVID19 virus, stock market plunge, massive layoffs, shortages of healthcare guys, etc. Here is what I predict and I hope I’m wrong:

1. Dow keeps dropping to 15,000.

2. Most retirement and 401ks down 50% by this summer. 

3. China tries ramping back up , but second wave of COVID19 keeps coming back. Nothing works without a cure.

4. States mobilize their National Guards to help healthcare but also enforce a new national quarantine.

5. US is ordered under true Marshall law-type quarantine at home for two weeks this April.

6. Virus keeps spreading, slowly in US for 18 months til vaccine is arrived at.

7. Federal Stimulus bills will almost “bankrupt” federal government. As a result, Paper money value will plummet.

8. US real estate values will plummet.

9. Over the next 18 months to two years, US economy is damaged worse than Great Depression. Worst damage ever in our history.

   Hope I’m wrong. Ron

 

Well I, for one, certainly feel better now.

 

/goes in back yard and starts digging bunker

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2 minutes ago, ron hausmann said:

All - while working alone on my current 1918 truck restoration and listening to both the lefty and righty radio channels, I’ve had a lot of time to think. COVID19 virus, stock market plunge, massive layoffs, shortages of healthcare guys, etc. Here is what I predict and I hope I’m wrong:

1. Dow keeps dropping to 15,000.

2. Most retirement and 401ks down 50% by this summer. 

3. China tries ramping back up , but second wave of COVID19 keeps coming back. Nothing works without a cure.

4. States mobilize their National Guards to help healthcare but also enforce a new national quarantine.

5. US is ordered under true Marshall law-type quarantine at home for two weeks this April.

6. Virus keeps spreading, slowly in US for 18 months til vaccine is arrived at.

7. Federal Stimulus bills will almost “bankrupt” federal government. As a result, Paper money value will plummet.

8. US real estate values will plummet.

9. Over the next 18 months to two years, US economy is damaged worse than Great Depression. Worst damage ever in our history.

   Hope I’m wrong. Ron

You might have forgot the one thing.  When things start getting really bad and some of those with an itchy trigger finger get a little too spooked,  a civil war breaks out as Gov't tries to exert more power than the populous deems prudent.  I think most are going along with it to help their neighbor and community but caged animals will bite if provoked enough.  And the media invoked hysteria has been an awfully dangerous fuse that's been lit.  Lets hope I'm wrong and things diffuse quickly. 

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Maybe he's writing for the evening news now.  I will say they have been running wreckless with this. Showing pictures and sensational headlines of Children dieing with a photo of young family members,  only to read the article to find out those pictures are 20 years old or in one case the youngest guy died in the UK a father of 2 in his 40's,  only to find out he was at the end of a 2 year expected life span of a terminal illness.  Had to read deep to find that. 

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Posted (edited)
4 hours ago, ron hausmann said:

All - while working alone on my current 1918 truck restoration and listening to both the lefty and righty radio channels, I’ve had a lot of time to think. COVID19 virus, stock market plunge, massive layoffs, shortages of healthcare guys, etc. Here is what I predict and I hope I’m wrong:

1. Dow keeps dropping to 15,000.

2. Most retirement and 401ks down 50% by this summer. 

3. China tries ramping back up , but second wave of COVID19 keeps coming back. Nothing works without a cure.

4. States mobilize their National Guards to help healthcare but also enforce a new national quarantine.

5. US is ordered under true Marshall law-type quarantine at home for two weeks this April.

6. Virus keeps spreading, slowly in US for 18 months til vaccine is arrived at.

7. Federal Stimulus bills will almost “bankrupt” federal government. As a result, Paper money value will plummet.

8. US real estate values will plummet.

9. Over the next 18 months to two years, US economy is damaged worse than Great Depression. Worst damage ever in our history.

   Hope I’m wrong. Ron

 

 

All a definite possibility. Except perhaps the vaccine. As far as I am aware no vaccine has ever been successfully developed for any member of the Corona virus family . Medical science will without doubt develop more effective 

treatments for the symptoms and health conditions that come along with the virus. But a effective vaccine for the virus itself is another matter  all together.

Let's all hope for something far reduced from a worst case scenario. 

Flattening the transmission curve is crucial if Health resources are going to be able to cope with demand.

I have no doubt there are going to be some very large changes to our lives . But only the passage of time can tell us what form they will take.

Auburnseekers scenario is one to avoid at all costs.

 

Greg in Canada...… where for once I am a bit glad we have reasonably strict gun ownership regulations.

Edited by 1912Staver (see edit history)

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Being a Contrarian expect there to be a vaccine or a drug that dramatically reduces effects within a month. Availability may take a while.

Think real estate will only have a short hit, most deaths are among people who are unlikely to by real estate.

Expect my home state to take the biggest hit of all but from loss of revenue, not illness.

Telecommuting/telelearning will be come common

First run movies will be on a pay for view basis, cable companies will boom (will the Internet support it ?)

on the plus side

computer manufacturers will do very well (but then a few years ago I developed a way to use a cell phone as the basis for a real computer), certainly enough for schoolwork.

75"+ TVs will be out of stock

sales of HEPA air purifiers will boom

Amazon/Chewy/ online sales will boom

secondary effect

car manufacturers will be in real trouble

used car market will drop significantly

local stores/shops might replace big box stores: malls may disappear.

 

of course figure a 50/50 chance everything will be back to normal in a few months, have been through a few panics/recessions before.

 

but then am almost a hermit anyway...

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37 minutes ago, Mark Gregory said:

The USA will recover

 

Of course we will...........Bob

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 Hope I’m wrong. Ron

 

too much hysteria..................................................!

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Media Hysteria has been the problem all along.  Follow the dots and you will see the reason,  besides pure profit from advertising.  Hopefully once this blows over,  they won't be able to hide behind freedom of speech and the big profits they experienced will be levied in fines and possible loss of FCC licensing if they have any, or whatever department lets them broadcast and print.  A few fall and maybe things will change.  You print facts only in everything but your opinion sections and anything that is an opinion is labeled so clearly even the blind will see it. 

 

I wasn't around during WWII but I can only imagine the news in this country was reporting how great we were doing even in the darkest hours.  Maybe it's time to get foreign money out of our news as well. 

 

Also seems they are thinking of war time production of ventilators.  Why did it take anyone with brains in high places this long  to figure out this might be a good idea to start with? 

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If you are talking about the under 30 population the media as you and I understand it is irrelevant . They get much of their news and information from sites on their phone that us Dino's have never even heard of. And none of the rules we have hopes  apply to media apply to anything a 20 something sees on their phone.

They are well on their way to being the most misinformed , manipulated generation in the modern era. I have a 20 year old son in the house. A generally bright kid. But I can't believe some of the things he sometimes swallows because some entertainment figure says it's so.

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Try this one: a return to the way we lived in the 1950s

- local shops and restaurants

- no malls

- home delivery common

- neigborhood and small church gatherings

- bowling leagues

- increase in library use

- return of the role of "homemaker"

- doctors (or paras) make house calls

- milkmen

differences

- telecommuting

- on line learning

- massive reduction in gasoline use and car sales

 

Or not

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Some of that sounds great. I don't know what we would have done in our household if my wife had of chosen to be a homemaker.

She is better educated than I am .  Has a better career than I had up to retirement and somewhat higher income. She is in health care,

so people like her might be a lot more important for the next few months than most of have been in our working lives.

In a relatively high cost of living area like South Western British Columbia I don't think we could have made it on one income.

The 1950's look decent enough but I was only born in the last few years of the decade so no personal experience.

 

Greg in Canada

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I don't know.

Maybe this is some higher beings way of saying: "Get a grip."

Were (are) we getting too soft? Safe spaces provided on campus for the snowflakes "threatened" by words.

Our lives upended if "our" team was eliminated.

Fine wines and exotic foods the new normal.

Households unable to exist on one income.

Student debt of mega thousands that qualifies one to flip burgers or pour coffee.

Only the newest and the best of new shiny objects will do.

I could continue on and on.

I'm of the age that I can vaguely remember WW2.

I can remember my father sorting through bald tires to find one for the car.

My mother squeezing a red button in a pack of "Oleo" (fat) to make ersatz butter.

The nightly black outs with  the air raid warden and his whistle and megaphone calling out any light he might see escaping a house.

I just saw a pix from Renovo, PA. A group of women dressed in greasy coveralls, maintaining the locomotives while their men fought in the War.

They all wore an expression of, for want of a word, "CAN DO".

I don't remember anyone complaining.

So now we have a population that is distressed because:

They are short of TOILET PAPER?

Because March Madness was cancelled?

A car show is cancelled?

I don't know. I just don't know....................................Bob

 

 

 

 

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See the movie "Idiocracy".

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Posted (edited)

The AACA just posted they have to close everything up by state order as all non life essential businesses have to close.  Getting real scary.  I'm sure NY won't be far behind, surprised we weren't first.  right now they are making everyone run with 50 % staff  That will show the virus who is boss.  Destroy every business but life essential ones in the country so we have no businesses left and a 75% unemployment rate with 20% left working for the Govt. and 5% essential services.  People are getting stupid over this.  (not the AACA by the way,  People in power)

Wasn't I saying rights are getting stripped away fast.  Martial law to come by Sunday all rights suspended. 

Monday we will have a whole new set of news stories to talk about. 

Edited by auburnseeker (see edit history)
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