is the bubble due to burst?

Well said Jamie!

These commentators are quick to state that they are just acting as a canaries, warning would-be buyers to hold out, and owners to sell now. Let me reiterate that unquietly and with clarity, I firmly believe this is a very respectable position. What *is* unsettling, is when invited to converse on what car(s) these prophets of doom seek to acquire once a correction does come..the sound of crickets betray their real intentions.

Agreed wholeheartedly, which is why I've also asked these masters of the market on what their view of Pokemon cards? Not involved they say? Well, that didn't stop their commentary on Ferrari.

That makes the two of us! Be well and enjoy every minute behind your magnificent Dino sir!

 

Amen !!! X 2

 

if there are many misinformed speculators in the market how come you haven't taken advantage of any opportunities given the price movements that cars have exhibited from 2008 to 2016? if you are an enthusiast why haven't you picked up any cars? If its because you don't have the money, that's fine. but then my question is why do you care so much about whether cars or overvalued or undervalued. WLdnt you be better off posting at zerohedge.com if you truly want to engage in asset class bubble debates? there is so much better stuff that can be discussed at ferrarichat.com don't you think?

 

Speaking once again on my own behalf between 2008 and 2014 is the time period when my business partner and I bought our cars. We were just lucky enough to be in the right place at the right time. 7 cars over 6 years certainley something I dont ever expect will happen again in my lifetime

 

same here. I went from 5 cars to 30 something. I have friends who did the same and I congratulated every one of them on every car. I have friends who have made big purchases from 2014 to today and ive also congratulated them on all their acquisitions. The guys I know who bought cars from 2014 on are die hard aficionados.

 

Well done sirs!!! I can only hope to participate in a drive with one of you some day.

Cheers

 

whenever you are in the area come on by

 

Cheers sir!

 

You realize you are posting this in a thread about the bubble, right?

I don't post bubble comments in threads not focused on pricing. I don't even post when people talk up prices (up up up!) in threads that are not about pricing. So it is okay for people to talk about prices going up, in threads not about pricing, but not okay to post about prices going down, in threads on that very topic? Odd.

I also fail to see your logic or point in trying to ascertain my own situation as it relates to my comments.

What irks you and Paul so much about my comments? Who have I been attacking? Why not go after people who have been talking about prices for cars continuing to go up in the future (not happening)? Why is it so one sided?

I said early/mid last year that in my opinion there were numerous other bubbles, the two biggest risks being tech and china, along with certain real estate markets. I said these could be catalysts for deflation of the bubble in collector cars, which was massively overdone. I recall giving a time frame of around 12 months. I said assets were generally mispriced due to abnormally low rates, which encourages speculative behavior. I also cited net worth impact on the oil-rich, as those leveraged high net worth individuals were getting slammed hard (that was pretty obvious and more an observation than prediction).

So, those were my contributions. I am guessing people who paid attention to my posts back then and at least considered them as relevant viewpoints, benefited more than people who jumped on the paul chua bandwagon of simply attacking me.

Cue paul chua personal attack in three, two, one...

 

Thanks for the introduction, in this post, please keep the distinction between attacks on your person versus attacks on your points.

I was going to say the same thing back to you; you do realize you are posting negative viewpoints on a Ferrari fan/enthusiast site about valuations right? Do you also go to Pokemon forums and spend time denigrating card valuations?

it would be odd...but...

As I stated, you are quick to say that you are just acting as a canary, warning would-be buyers to hold out, and owners to sell now. Let me reiterate that unquietly and with clarity, I firmly believe this is a very respectable position. What *is* unsettling, is when invited to converse on what car(s) you seek to acquire once a correction does come..the sound of crickets betray your real character.

Super_Dave, you believe it is *just* this thread that irks people? Do I need to show the history of cognitive dissonance on a multitude of forums here?

I didn't see anybody respond to any of your posts saying you *should* invest in tech, China, or oil? I don't recall ever doing so. Keep your straw man to yourself.

Again despite your view this is a conspiratory attempt on my part to trash your reputation, you'll see consternation toward you started well before I ever communicated to you.

Just some advice, when you think everybody in the room is a jerk, chances are it's *you* that's the jerk.

 

what trading desk were you on under greenspan? aren't you like 30 yrs old? which means you graduated undergrad about 8 yrs ago, which is a year after greenspan ended his tenure?

 

HOG.

 

no henry I don't have any Harley Davidsons!

 

Damn ttforcefed, why you got to be a pig speculator? I hope you get your head knocked off financially,

Okay off the dope now

 

I'm concerned about the bubble market.....

 

tell me the truth - isn't this calming and soothing - it brings me back to a much simpler time
Image Unavailable, Please Login

 

Indeed it does.....

 

Someone should tell this seller that the bubble burst already

1997 Ferrari F512M for $649,000 in AURORA | autoTRADER.ca

 

These are Canadian CDN dollars, they are close to nothing already, better dump them for any asset!!

 

As you can see gentlemen, once again the sweet sounds of silence reveal much truth. Super_Dave logged in today, won't reply to my fair challenges.

Instead, he probably alerted the moderators, saying I am attacking him, because you know - actually addressing my good faith rebuttals would be akin to staring into a mirror of truth.

As silly and facetious as it sounded, my rhetorical question was sincere:

"Super_Dave, why don't you spend time on Pokemon forums denigrating high card valuations?"

It's probably because it has no effect on you since you....

....never bought Pokemon cards in the past, don't plan to buy Pokemon cards now, and don't seem to plan to buy Pokemon cards in the near future?

Does this exercise help you Super_Dave, to understand why so many different members detest you for quite sometime now?

 

He said he has multiple post graduate degrees from Ivy League institutions, but when pressed for details (just like what cars he owns, and what cars he plans to acquire after the crash) - it's as quiet as a morgue.

 

With the current financial market meltdown,,while counter intuitive, we may see as in post 1987 market crash, a surge of price of real assets, real estate and other real assets including cars as people will leave again the financial markets in view of increased volatility and downside risk. While we have seen a 15/20 pc decline from summer 2014, the high tide, and somehow not an unreasonable outcome, and while some expect the trend to continue downwards, the current moves on the financial market may lead to the contrary . Time will tell...

 

why wld anyone hide the school they went to especially if its one of the most prestigious/competitive institutions on the planet? I wont tell anyone where you went to school paul! and I know my place in life, paul went to a more respected school than me. We try hard though!

 

you're right, the world doesn't always behave the way the text books describe!

 

EU looking to ban the 500E note (?)....... more demand for cars !!!!