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Testarossa Price Trends

Discussion in 'Boxers/TR/M' started by Mr.Chairman, Dec 9, 2010.

  1. Natkingcolebasket69

    Rossa Subscribed

    Agreed... if this lasts more than 3 months it’s worrying if less we could see a less severe recession. I do think u can see cars at 65-70 but not 50 Not within 6 months...


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  2. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    3,196
    i agree with you time will tell but it looks bad out there ,dealers are gonna have to sell there inventory if there using hard money
     
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  3. Veedub00

    Veedub00 F1 Rookie
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    Jun 30, 2006
    3,626
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    James
    If I see a yellow one at 50, I’m buying.
     
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  4. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    3,196
    if 50 k for a clean tr is comming that means things are very bad
    if i see a clean ford gt white with blue for an amazing price im in
     
  5. vincenzo

    vincenzo F1 Rookie

    Nov 2, 2003
    2,737
    Hmmmm... wonder if the new vette will soon sell at list.... or maybe below?
     
  6. Shamile

    Shamile F1 Veteran
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    Dec 31, 2002
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    Shamile
    lol...when all those boomers get a look at their 401k, the car will slide from premium to list to under list to 5 years no interest!

    Shamile

    Freeze....Miami Vice!

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  7. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    3,196
    the news said president stated recession is comming Wall Street states it’s here
     
  8. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    3,196
    its depressing man look forward to our country get back to normal
     
  9. ChipG

    ChipG Formula 3

    May 26, 2011
    1,037
    Santa Monica, CA
    It's going to take a few years I'm sure to get back to normal, there will be so many businesses that have to borrow money, the debt incurred is incomprehensible to me considering where we are at now. I was reading the government bailout, they will let you borrow around $1500 per week per employee to make payroll but no interest or payback terms have been announced yet.

    Luckily for me, I own 2 software companies (ones a telecom, analytic, big data and the other is for the US DoD) and both are seeing surges with everyone working from home.

    I'm my wildest dreams I never would have thought we'd be here.
     
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  10. Natkingcolebasket69

    Rossa Subscribed

    Well u are lucky... in times of crisis there are always ppl doing well whilst the ship sinks!


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  11. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    3,196
    vegas casinos shut down lots of lay offs,there saying schools will open after summer this is crazy its gonna cripple the econmy
     
  12. Natkingcolebasket69

    Rossa Subscribed

    I agree- let’s just wait. There will be new opportunities, job opportunities that is in new fields but also let’s see this could be done December, could be done June. The stimulus package could be huge... something will happen positive. U are always the positive one here!!


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  13. blkdiablo33

    blkdiablo33 F1 Rookie

    Jul 12, 2004
    3,196
    i always stay positive but in 1 week alot has happened time will tell i knew a slow down was comming but never thought something like this
     
  14. ChipG

    ChipG Formula 3

    May 26, 2011
    1,037
    Santa Monica, CA
    50% of Americans are now without work and 50% live month to month, it's going to get bad, someone in another thread said this and I agree with it: "It's going to be 1987, 1999, 9/11 and 2008 all at the same time."
     
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  15. Natkingcolebasket69

    Rossa Subscribed

    With every crisis there are opportunities. Maybe ppl will have new jobs, spend in a wiser gashing etc. The government will be forced to do something... let’s wait and see!


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  16. Natkingcolebasket69

    Rossa Subscribed

    Image Unavailable, Please Login

    Whilst we are pretty much quarantined world wide I scooped this thing to read. Pretty cool write up;)


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  17. Themaven

    Themaven F1 Rookie
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    Nov 2, 2014
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    Thanks for that. Good it’s available digitally!
     
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  18. Natkingcolebasket69

    Rossa Subscribed

    Yes it’s a good one!


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  19. Parnelli

    Parnelli Formula Junior
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    Aug 30, 2013
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    Milwaukee, WI
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    Greg P
    If you guys think it’s bad now wait till people get their March 31 brokerage and 401(k) statements!!
    The average guy on the street knows that the market is down considerably… but most likely doesn’t really understand just how badly it is down.
    The velocity of this move lower off of all-time mkt highs on February 20 is simply amazing!!!
    Every asset class with the exception of treasuries has been absolutely obliterated.
    Credit markets are the worst I’ve seen in my 29 year career. They have completely shut down within the past two weeks. Companies that have much debt on their balance sheets are being destroyed. What would have been considered “investment grade” bonds just a week ago have lost up to 15% in their value just this week alone (you can reference ticker symbol LQD for example).
    Oil plunged 2/3 in value from December 31, 2019 through yesterday. 2/3!
    You know how many people are going to lose their jobs as a result of that plunge in oil price?
    Does this mean we see $50,000 TR‘s? That downside target seems a bit aggressive. It’s really too small of a market anyway. Most people that have these cars don’t need to sell for any reason so they just will hold onto the car. But the buyers are savvy enough to know that it will be a buyers market it will not be willing to pay what are now considerably lower market prices. So there will be a big standoff in no trades will relay get done. Let’s just say prices are not going up anytime soon. Probably not for at least the next 3 to 5 years.
    Not sure who said it earlier but the The pin has been picked on “things” (materialistic items).
    Time to hunker down and conserve your cash. There are going to be some absolutely FANTASTIC bargains in the stock market when this is all over.
     
  20. Natkingcolebasket69

    Rossa Subscribed

    Amen!


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  21. Shamile

    Shamile F1 Veteran
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    Dec 31, 2002
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    #4196 Shamile, Mar 19, 2020
    Last edited: Mar 19, 2020
    Abso"freakin"lutely!

    I knew this was coming....and have been preparing for a long time. I'm a great fan of Jeffery Gundlach, Peter Shieff and Jim Rickards. Gundlach was right on the money when he said it will start in the corporate bond market and all the levered up companies will go to "junk"

    Shieff was also on the money that there so much debt and constant QE in "the greatest economy ever" that it just needed a pin to deflate the whole "everything bubble " ...it just happened to be covid 19.

    Soooo.....the fed just keep printing and devalues the dollar in the end. I've been a gold bullion buyer since 2016....it's the 2008 playbook all over again.

    As far as cars go, all those newer Ferraris and Lamborghinis are going to half price as this all sets in. Anyone remember prices of exotics in 2010? .....I do.

    No business debt, no personal debt and cash in hand.
    ...and if I can't sell my Testarossa at my price, who cares....it's my daily driver lol

    If anyone want real economic information besides the "happy talk" on CNBC go to www.zerohedge.com

    Shamile

    Freeze....Miami Vice!

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  22. vincenzo

    vincenzo F1 Rookie

    Nov 2, 2003
    2,737
    I hope ‘cash in hand’ is literal.

    Many rumors of retail bank runs and banks with little to no cash on hand. Just rumors so far.

    Many facts about real bank runs.... I had to listen to this 3 times to fully understand the gravity of what was being said:






    No happy talk on that segment! Listen closely to Mnuchin as well.... he is revealing some truly disturbing information if you understand what he is saying and read between the lines.
     
  23. vincenzo

    vincenzo F1 Rookie

    Nov 2, 2003
    2,737
    But heck.... all the banks are closing because of the virus.


    How convenient.


    .
     
  24. V4NG0

    V4NG0 Karting
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    Dec 14, 2018
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    Vinny
    He’s talking about the shadow banking system, not retail banks.
     
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  25. vincenzo

    vincenzo F1 Rookie

    Nov 2, 2003
    2,737
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