Financial markets vs. C8 orders
03-09-2020, 06:19 PM
#263
I think that now is a good time to wait for the C8 repo sales.
The following users liked this post:
Skid Row Joe (03-09-2020)
03-09-2020, 06:32 PM
#264
The Coronavirus "Panic" has no basis in any financial sense at all. It's pure and simple market uncertainty. A slowdown may cause companies to have lower earnings for a few quarters...but the fundamentals for the economy are still good.
1. Low Taxes
2. Reduced Government Regulation
3. Low Interest Rates....and getting lower by the week.
4. Cheap Energy...and getting REALLY cheap as of today.
I expect the economy to come roaring back once this thing subsides...and it will. Now...we will see a big uptick in Coronavirus cases...that's a given. But watch as more and more people get tested....we'll see that even though this virus is fairly contagious...it's not as deadly as earlier predictions.
I'm buying my C8....even if I have to live in a shack....
1. Low Taxes
2. Reduced Government Regulation
3. Low Interest Rates....and getting lower by the week.
4. Cheap Energy...and getting REALLY cheap as of today.
I expect the economy to come roaring back once this thing subsides...and it will. Now...we will see a big uptick in Coronavirus cases...that's a given. But watch as more and more people get tested....we'll see that even though this virus is fairly contagious...it's not as deadly as earlier predictions.
I'm buying my C8....even if I have to live in a shack....
03-09-2020, 06:48 PM
#265
Given that a market dominated by experienced, rich investors is loading up on 10&30-year Treasury bonds paying <1%, one might pause to think. If they expected a reasonably quick post-virus recovery, locking up cash in those instruments would be the last thing they'd do. They'd stay in cash and watch for a perceived floor instead. But, who knows? Certainly not I. Interesting times, indeed.
03-09-2020, 06:48 PM
#266
A lot of people are staying home. Less travel, less need for goods and services. More shortage of goods and parts from China. Many things are grinding to a standstill.... Congrats on the new C8....
03-09-2020, 08:19 PM
#267
**** hits the fan and the car gets sold to Carmax or Carvana whoopie do.
Wife and I are both professionals in our late 30s. Retirement accounts are well funded and kid’s college plan is funded.
I literally made a play to pay for the C8 with money I was already spending.
The following users liked this post:
Rapid Fred (03-09-2020)
03-09-2020, 08:21 PM
#268
Race Director
It was sarcastic... there's a political section which is where this thread really belongs. It's way not C8 related over the past umpteen pages.
The following 2 users liked this post by vegaebh:
kenbefound (03-12-2020),
Skid Row Joe (03-10-2020)
03-10-2020, 02:36 AM
#270
Think smaller dealers will be willing to negotiate off msrp now or face customers walking away and asking for their refundable deposit back?
03-10-2020, 04:34 AM
#271
Melting Slicks
Nope, still too many buyers. Remember, you will have people who buy at the higher end just move to a Corvette ME as their cheaper alternative. The way they are building these things and if this dopey virus gets worse that means less will be produced & still have more buyers. China who caused this is already seeing a decline in cases & unfortunately since they can control their people they are better prepared to get out of this faster than the USA with a free open society.
The following users liked this post:
Telepierre (03-10-2020)
03-10-2020, 06:01 AM
#272
03-10-2020, 07:41 AM
#273
Melting Slicks
I have "lost" multiple C8's on paper over the last couple of weeks, but know that this market plunge is temporary and will eventually rebound. My HTC is "targeted" for a mid April build week, and I am looking forward to bringing her home in May!
Last edited by Harry2; 03-10-2020 at 07:41 AM.
The following users liked this post:
Maxie2U (03-12-2020)
03-10-2020, 08:19 AM
#274
I don't know. Since I'm not supposed to order until June, I'll wait some more and see what happens. With the Saudi's and the Russians playing chicken with oil prices, it is tempting to just sit out a while... It's not like I really NEED a new toy car. Perhaps a Magnuson Heartbeat for the 4 year old hoopty?
The following users liked this post:
Telepierre (03-13-2020)
03-12-2020, 10:18 AM
#275
How did buying on the dip work for everyone?!?!?
The following users liked this post:
Suns_PSD (03-12-2020)
03-12-2020, 10:22 AM
#276
03-12-2020, 10:27 AM
#277
E-Ray, 3LZ, ZER, LIFT
Member Since: Sep 2007
Location: NE South Carolina
Posts: 29,691
Received 9,683 Likes
on
6,670 Posts
The market drop reminds me of 1987! I had sold appreciated stock a few weeks prior to the market drop when I ordered my first Vette. (Similar to what I did when I placed the non refundable deposit on my C8.) One of my staff, who invested heavily in the market, was buying on margin. When the market dropped precipitously he couldn't get through to his broker to define what stocks he wanted sold to cover. They automatically sold whatever. He wound up paying tax on short term gains and lost his shirt!
Never bought on margin!
Never bought on margin!
Last edited by JerryU; 03-12-2020 at 10:33 AM.
03-12-2020, 10:44 AM
#278
Melting Slicks
Just fine for me. Anything I have recently purchased I consider a discounted buy. Everyone knows you cannot time a drop at all so unless you want to stay paralyzed and waiting you have to dollar cost average your way back in or you will miss the opportunity entirely. The cash I am investing is from within 2-3% of the top. Not the top. I have begun buying in at 10 - 15% minimum discount from that same top. I am perfectly happy with this discount and will continue to buy now that it is discounted even further. I believe this event will pass and the market will come back. When? I have no idea and frankly don't care as long as it takes place sometime in the next 10 -20 years. I have some confidence that looking back at that point all of my buys will look like good decisions. If not, we will all likely be cooking our food over campfires in which case cash is going to be largely useless anyway.
The following 3 users liked this post by JDSKY:
03-12-2020, 11:26 AM
#279
Le Mans Master
Member Since: Sep 2004
Location: North/Central NJ - a.k.a. Gotti in the CFNE section
Posts: 7,747
Received 1,568 Likes
on
534 Posts
St. Jude Donor '05
I think she dips below 20k... bottoms at around 18... next 2 weeks I will invest but shes going to go lower.