Musclecar prices and the possible recession

[Lee Stewart]

Originally Posted by Crush

The oil/ gas adds to the hysteria. I woke up today to watch my net worth drop again because of all the fake news widespread loss of common sense. Sheesh may have to go get a job or sell some cars

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

[the427king]

"a completely naive population on Earth".............How true is this statement. It wasnt long ago that Hostess said they were stopping the production of twinkies,and they were being sold on ebay for thousands of dollars a box. People 70 years ago would have dealt with this alot better and smarter than the current population,I dont recall people here fighting over toilet paper and twinkies during WW2.

[the427king]

Sell your cars, buy oil futures. Then sell the oil in a few months ,double your money, and go buy your car back.

[Lee Stewart]

Unfortunately, due to social media most of the world suffers from "Lemming Syndrome."

Someone who blindly follows a crowd—maybe even toward catastrophe—is called a lemming.

[Lee Stewart]

Originally Posted by the427king

Sell your cars, buy oil futures. Then sell the oil in a few months ,double your money, and go buy your car back.

Nah . . . sell cruise line and airline companies short. You won't have to wait a few months to make a killing. Maybe 3 or 4 days . . . if it's not already too late to do so.

The U.S. State Department is warning Americans against traveling on cruise ships due to concerns over coronavirus. In a tweet, the State Department said: “U.S. citizens, especially with underlying conditions, should not travel by cruise ship.

[Crush]

Originally Posted by Lee Stewart

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

My point is fake news drives panic and fear. The pace and frequency of “news” is like never before and that rhetoric creates a fake reality. It builds and builds this virus does not have people dropping like flies. Most deaths are folks that had underlying health issues. How many kids have died? Zero.

I like what Buffett said

“ We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

[Lee Stewart]

Cruise ship finally will dock in Florida today. All passengers (2500) will be tested. If you test positive you go into quarantine for 14 DAYS! And no . . . they will not put you up in a hotel.

[Lee Stewart]

I've had the flu a number of times. Lay in bed, snooze, eat chicken soup (only homemade) take some pills and lots of cough medicine/syrup.

But the last time I go it, it almost killed me. February 2016. Could not stop coughing, had trouble breathing so I drove myself to the hospital. Parked my car and started walking to the ER. Got halfway there when I ran out of breath and had to sit down on the tarmac. THANK GOD 2 ambulance drivers saw me. One rushed over and asked if I was OK while the other ran into the ER to grab a wheelchair. They got me in the wheelchair and I passed out.

1 hour later I woke up in Intensive care with a breathing tube down my throat, an oxygen mask on my face and 4 different drips going into the back of my hand. When they saw I had come to the removed the breathing tube and started feeding me Theraflu pills. I was on straight oxygen for 4 days. I could barely move any of my limbs let alone get out of bed.

I spent another 3 days there and was finally strong enough to walk up and down a 30 foot hallway 3X in a row. I also had to show them I could go to the bathroom by myself. The nurse hands me two containers . . . I ask what the second one is for . . . stool sample. "Lady I haven't eaten anything in 7 days! Forget about the stool sample." They had no idea that I was going to walk out to the parking lot, get in my car and drive home. I told them my son was coming to pick me up.

I had Oxygen delivered to my home and spent another week with one of those things that goes in your nose.

October 2016 I got a flu shot. And for 2017, 2018 and 2019. I will get one this October. No flu since then.

[69_Mean_Mopar]

I was having some pretty bad health issues a few months ago. I was having serious high blood pressure issues. My Sugar was high and out of wack. Among a few other things. I have been in strict doctors care since. I am doing great now. So I asked him what about this. He said it is overplayed hugely by the media. Remember also, It is an election year. There are over 30,000 deaths in The US this year from the flu. Not a word etc. Mostly older people with already bad health issues. I am over 60 and not worried. Muscle Cars are doing real good. Housing is still great in my area that there is not enough for sale. All I know is My Stock is strong and I am not talking about Wall Street. I am talking about my Garage. Been that way for years.

[SBR]

Originally Posted by the427king

Sell your cars, buy oil futures. Then sell the oil in a few months ,double your money, and go buy your car back.

Agree, I will back up the truck on crude if it hits 25 per barrel.