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before it’s too late. We’re looking at, as a minimum, a recession although it will probably turn into a depression that will be long, deep and hurtful across the board (but God forbid not bloody). And I feel that the bottom will drop out all at once after some "trigger" event. Was estimating that the DOW could drop to 9000: that could become the ceiling, not the floor – 1000 point loss in a day – sure.
How does this relate to audio? There is a legion of equipment collectors (hoarders?) out there, not to mention the folks who “live†on Ebay. What happens when youse wake up to find NO activity on either that site or Audiogon. Unlike houses, audio equipment doesn’t have much intrinsic value; you can’t live in it, ride it or eat it. When the “dollars hit the fanâ€, this equipment's value will disintegrate. Those living off of Ebay better reserve a place in the local shelter.
My suggestion – look carefully at your system. Determine what is really necessary and what could be deemed excess. Put the rest, especially the expensive stuff on block NOW while it has some value.
Here’s a thought for a follow-up. What is your "desert island" system? I hope you own it right now. Get ready to set up the sand box and plastic palm tree right in your listening room.
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Topic - Time to sell your audio jewelry - stellavox 07:40:59 03/18/08 (37)
- Back in the 1970's folks were totally thrilled when the DOW soared to 1,000 - Teresa 18:23:51 03/18/08 (1)
- Not so fast - Sherlock 08:09:18 03/19/08 (0)
- The first thing you should sell is your computer. ~t - three_sox 15:07:15 03/18/08 (2)
- RE: That is the funniest post I have seen anywhere in a while!nt - chriss 18:44:29 03/20/08 (0)
- HAHAHAHAHAHA!!!!!!!!!!!!1 - J-PMatt@Comcast.Net 15:30:20 03/18/08 (0)
- RE: Time to sell your audio jewelry - Jim in Blacksburg 13:42:25 03/18/08 (0)
- Pay no attention to the optimists....there's no doubt we're heading toward a depression - J-PMatt@Comcast.Net 13:08:52 03/18/08 (15)
- And since I live in the desert, those of you in need of sand - Bruce Kendall 13:28:18 03/18/08 (12)
- Sell it in little jars... - Jim in Blacksburg 13:45:46 03/18/08 (11)
- Hey, that's some good thinking. - Bruce Kendall 14:45:51 03/18/08 (10)
- Carefull Bruce, or this post will be move to a more approprate venue! nt - JoshT 14:54:11 03/18/08 (9)
- Must be something in the water today. - Bruce Kendall 14:57:18 03/18/08 (8)
- Depends. Have you done a DBT of your sand? nt - JoshT 15:02:44 03/18/08 (7)
- For real - Bruce Kendall 15:10:12 03/18/08 (6)
- I could send you some Daytona Beach sand - JoshT 15:15:45 03/18/08 (5)
- RE: I could send you some Daytona Beach sand - Bruce Kendall 15:31:24 03/18/08 (4)
- amen to that.... - nubz 16:35:47 03/18/08 (1)
- Hey...... - Bruce Kendall 13:36:36 03/19/08 (0)
- You certainly have a winning way with a phrase... - feet's too big 16:30:50 03/18/08 (1)
- Glad I could give you a chuckle. Thanks. -t - Bruce Kendall 11:16:20 03/19/08 (0)
- Drat! You beat me to it! :-) nt - JoshT 13:22:25 03/18/08 (1)
- You gotta be quick around here bro - J-PMatt@Comcast.Net 16:39:51 03/18/08 (0)
- Inflation - Sherlock 08:48:04 03/18/08 (4)
- RE: Inflation - AbeCollins 11:40:34 03/18/08 (3)
- RE: I have a thought! Ooh, me, call on me! - Square Peg 14:17:32 03/18/08 (0)
- Agreed--- - Sherlock 14:11:32 03/18/08 (0)
- Soon I'll be able to sell my Harbeths for what they cost me new. - SalD 12:02:44 03/18/08 (0)
- This is the very attitude - kavakidd 08:46:54 03/18/08 (6)
- RE: This is the very attitude - Len_ 12:23:06 03/18/08 (1)
- "People like me" believe - kavakidd 13:13:12 03/18/08 (0)
- Yes. And the Boston Globe (inter alia) was full of it today. Maybe they *want* it to happen?... nt - clarkjohnsen 09:18:25 03/18/08 (0)
- Recessions are caused by excessive credit growth to finance things (examples: tech stocks, real estate, etc - Richard BassNut Greene 09:11:50 03/18/08 (1)
- All of which are based on - kavakidd 11:01:48 03/18/08 (0)
- Bingo! We have a winner! You are correct, Sir! -nt - Raiderman 09:05:32 03/18/08 (0)
- The sky is falling! The sky is falling! Be prepared! Be vigilant! Be... - musetap 08:26:55 03/18/08 (0)
- thanks for telling me what to do ./nt - chosenhandle 08:20:21 03/18/08 (0)
- You are a freak! - Don T 07:50:12 03/18/08 (0)