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20 March 2020, 09:28 AM | #1 |
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Expect even lower supply!
With Rolex being shut down now, according to my AD today he wouldn't be surprised if Rolex is out of production for months. If you think it was bad already we haven't seen anything yet.
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20 March 2020, 09:32 AM | #2 |
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Who is gonna be buying a watch with Dow at 10k in the coming weeks, if we are lucky, biggest credit crunch since the Great Depression, Tens of millions unemployed here in the US and millions of deaths? A Rolex will be the last thing on most people’s minds. Just sayin.
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20 March 2020, 09:38 AM | #3 | |
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20 March 2020, 09:43 AM | #4 | |
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That’s a tad bit extreme |
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20 March 2020, 09:44 AM | #5 |
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20 March 2020, 09:46 AM | #6 |
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20 March 2020, 09:49 AM | #7 |
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20 March 2020, 09:54 AM | #8 |
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Honestly, I don't see it being far off.
We are already over 100 000 deaths worldwide, and some countries haven't even peaked yet. If you live in the US, every day you will see even more cases appear, and that's going to scare alot of people. The Dow has already hit under 20k this week, and the stimulus packages and bank rate cuts don't seem to be helping much. My own 0.02 cents. Sent from my Pixel 3a XL using Tapatalk |
20 March 2020, 09:47 AM | #9 |
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I am in the trenches here from a modeling / economic standpoint.... it’s not that far fetched. US is not prepared for the Hell that’ll be unleashed in the coming weeks.... did you happen to see the Military Hospital Ships deployed, Cruise Lines being converted into Hospitals... come on! Wake up! Unemployment claims are skyrocketing already! This is like nothing we have ever seen. I am even worried and I typically don’t worry much.
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20 March 2020, 10:53 AM | #10 | |
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I would read this from a Professor of medicine, of epidemiology and population health, of biomedical data science, and of statistics at Stanford University. https://www.statnews.com/2020/03/17/...reliable-data/ |
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20 March 2020, 03:37 PM | #11 | |
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21 March 2020, 12:03 AM | #12 | |
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Rolex 116613LN Rolex 16610LN Omega Seamaster Aqua Terra 41mm Omega Geneve Tag Heuer Aquaracer WAY2112 Orient Ray 2 |
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25 March 2020, 01:07 AM | #13 |
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Were the closures to continue into the summer, the Dow will definitely be in the low single digits. Second quarter numbers will already be bleak and how much of that is priced into the current level is unknown. Once guidance is re-instated, the markets will stabilize. Its the unknown that really panics the market. The good news is the move afoot to re-open for business sooner not later.
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25 March 2020, 01:21 AM | #14 | |
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20 March 2020, 10:57 AM | #15 | |
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DOW at 10k - theoretically possible, but highly unlikely. Millions of deaths - there has only been 215k total diagnosis across the world.... Yes we are in a serious credit crunch, but being part of a bank - we are all “fine” right now - it’s going to be short and the economy “should” rebound fairly quickly. Biggest issue is all the short term resume financing that is going to be done by the US gov. |
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20 March 2020, 11:40 AM | #16 | ||
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I don’t get these guys saying ‘oh if you’re squared away and you have the excess money, you will still buy watches right now’. Quite frankly, every savvy person I know would not spend ANY money on luxury goods right now, and are churning every excess penny into the market. I don’t understand some of these posters who truly believe Rolex sales are unaffected in an economic downturn. I have a feeling most of them bought way above MSRP and don’t want to face the reality of it no longer being worth that price. |
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20 March 2020, 01:38 PM | #17 |
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20 March 2020, 01:41 PM | #18 |
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Don’t try to catch the falling knife, just buy companies with great balance sheets with a good yield. 2 years is way to far out i predict a V versus U.
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20 March 2020, 02:13 PM | #19 | |
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Yeah I agree, I was saying 2 years as an absolute maximum of this progresses for another 6 months or so, then 18 month recovery. I think it will be way quicker than 2007, etc as you mention though. |
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20 March 2020, 11:46 AM | #20 | |
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J/k. But my prediction is by this summer people would have got over the Corona, or found another scary thing to justify hoarding tp. What happens to the stock market is, in my view, a reset. Some will lose a bunch and some will make bigly emerging from this. |
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20 March 2020, 11:49 AM | #21 | |
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21 March 2020, 06:24 AM | #22 | |
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I agree, many have a lot more to worry about than a Rolex right now and I hope health and prosperity in their recovery. |
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21 March 2020, 10:37 AM | #23 | |
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No more CNN for this man |
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21 March 2020, 01:40 PM | #24 |
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+1 If I could put out a public service message to the globe it would be to turn off your TV and stop reading any negative piece/opinion out there. Getting news and facts has become an exhausting pursuit. Sent from my iPhone using Tapatalk
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21 March 2020, 01:10 PM | #25 | |
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Expect even lower supply!
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Hulk and Batman are too weak to help Sent from my iPhone using Tapatalk |
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21 March 2020, 02:14 PM | #26 |
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25 March 2020, 03:06 PM | #27 | |
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Member of NAWCC since 1990. INSTAGRAM USER NAME: SPRINGERJFP Visit my Instagram page to view some of the finest vintage GMTs anywhere - as well as other vintage classics. |
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20 March 2020, 09:38 AM | #28 |
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I think that's taking it a little far. Millions of deaths? There's always someone buying. I haven't changed my purchasing habits.
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20 March 2020, 09:43 AM | #29 |
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20 March 2020, 09:47 AM | #30 |
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+1 Close to 25000 people die from hunger EVERY day and another 25000 tomorrow and every day after that. This virus won't touch those numbers by a long shot.
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