wonder if the economic slump has any noticeable effect yet on your favorite toys?
People who have money still have money when GMC shuts down and AIG tanks and interest rates go to almost zero %. The question is where to move the money.
Methinks that people interested in expensive shotguns aren't checking their unused available credit on their plastic.
Not everyone sells into a declining Dow Jones Average, but those who do will have a hard time getting 3% interest in what looks like 5% (or more)inflation. Now may be the time to buy the Dow at 8,800 down from about 14,000 little over a year ago...
However, buying expensive shotguns runs up against the "buy and hold" I-got-more-than-that-in-it mentality. I recall times in the not so distant past (1980s) when Parkers were rare at gun shows, because they had been bought at high prices in the booming 1970s. Alcoa or Boeing or Microsoft or Enron can be dumped at a tax loss with regret, but not emotion. But fine-gun owners are loathe to take a loss. The market may dry up for a while, but I don't see any fire sales in the offing. I was wrong once, thinking I had been in error, but I was mistaken. EDM