Thread: Porsche bubble?
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tabs tabs is offline
A Man of Wealth and Taste
 
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Join Date: Dec 2002
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With Ferraris it was a Ponzi SCHEME....those cars would trade amongst the same group of owners and finally when the Music stopped the bottom dropped out and the last one in the Drivers seat crashed.


Also 67 Vettes hit 125K along with 59 Cad Convertible Eldos...but I don't believe that the other cars were being pulled by up by the Ferraris I think they had their own trajectory as collectables in of themselves.


The classic scenerio is when prices stop going up, meaning NO MORE PROFIT is to be made, no new money will come in ...prices will start to go down to sell, and with fewer or no buyers will usually esculate just as fast to the downside as it did to the up side.
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Last edited by tabs; 03-10-2006 at 05:01 PM..
Old 03-10-2006, 04:58 PM
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