[Got the Bug]

Originally Posted by stimpy

While I would defer to virtually everyone on these boards when it comes to knowledge of the cars and the CURRENT market (hence my question), I would STRONGLY disagree with any generic predictions of the future of the US economy and the (subsequent) FURTHER affect it will be having on asset prices of all kinds, Cobras included.

Our economy is a mess. Interest rates, as you point out, are zero, suggesting the credit markets are broken and few can borrow AT ANY RATE. THAT ISN'T GETTING ANY BETTER EITHER.

The stock markets are manipulated by ALGO robots chasing each other around the Floor, and retail investors can't get out fast enough.

State and Local Governments are $200B in the red next year alone, and there will be little if any $ coming from DC this time around to plug the hole.

The FED and Governemnt managed to delay a real collapse in prices (of everything) for a year by spending 2 TRILLION DOLLARS (Stimulus 1 and FED T-note and MBS purchases to date), but now the wolf is back at the door.

This is going to get ugly, and if deflation sets in CASH WILL BE KING.

If prices are going to collapse, you can always wait on the sidelines for the "deal of the century", pile up a big wad of cash in your garage, and sit on top of it and make "vroom" noises.