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25 December 2018, 11:45 AM | #31 | |
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The stock market is a leading indicator as to the health of our economy and future corporate earnings. Whatever you say though... welcome to the bear market. |
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25 December 2018, 11:47 AM | #32 | |
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Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
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25 December 2018, 11:49 AM | #33 |
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25 December 2018, 11:50 AM | #34 |
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Try watching TCM instead of MSNBC tonight. It will do your heart good.
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Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
25 December 2018, 11:51 AM | #35 |
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25 December 2018, 11:52 AM | #36 |
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The Bishops Wife is on. It’s wonderful. Merry Christmas.
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Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
25 December 2018, 11:53 AM | #37 |
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IMO this is nothing more than a marketing scheme designed to get and sell your personal info to the highest bidder. No thanks!
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116710LN Current 16610 Sold 1675 Gifted |
25 December 2018, 12:16 PM | #38 |
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MSRP actually went up every year - and sometimes twice a year - until 2012, but that was because China was booming. The aftermarket and gray market didn't look anything like what we're seeing now, and often were a source of discounts. That's because MSRP increases reflected market prices in Asia, and were actually out of step with Western economies. Supply was plentiful on most pieces (except the Daytona); combined with the escalating retail prices, there was no incentive for the gray market to charge above MSRP. When China cooled off in 2012, the West still hadn't caught up, and Rolex had outpriced themselves. Rolex didn't lower prices, but they haven't increased them across the board since that time. Now the situation has flipped: a booming global economy (up to now, at least), 2012 retail prices, and dwindling AD availability. That's the recipe for the high gray and aftermarket prices. Changing one or more of those variables would likely alter the outcome.
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25 December 2018, 12:17 PM | #39 |
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Whatever may the the general trend in the watch market is not a true indicator about the market for Rolex. Rolex is a rule unto itself.
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25 December 2018, 12:49 PM | #40 |
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When on Fixed income, the down Market really hurts.
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25 December 2018, 01:24 PM | #41 |
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A huge part of the stock market gain was due to extremely low interest rates and a massive increase in the money supply. I'm pretty sure those two catalysts also fueled prices in many other classes including collectibles such as watches. Now that the liquidity is slowly being removed, prices are contracting. That will happen across the board, albeit less pronounced. As much as I'd like my 5711 to stay valued near $50K, it's probably not going to happen (unless they discontinue it!).
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25 December 2018, 02:19 PM | #42 | |
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