One has to wonder of both the economic slowdown/bear market and renewed vigor to sell guns comes from the fear of "madam president" with higher taxes and the solicalist libs control of both corporate profits and new more restrictive gun laws.
This is not the time to catch the falling knife of the stock market and selling into any bounce untill more is know about Q3 and Q4 08 numbers at the very least is strongly reccomended.Both T/A and F/A show the bear is firmly in place for the next few months and perhaps a year or more.With 2 million adj rate subprime resets in the next 4 qtrs,and 27% over 90 days behind right now, there will be lots more pain in real estate and another 20-30% drop in home prices,the bond insures are one shacky ground if they go and they might,lots of banks will be on the hook for empty homes and the Dow will fall another 2000 points.
Fine high conditon guns will always have a market as well other collectibles the mid and lower grade will take the hit the most.
Stay in cash and gold untill the smoke clears
Last edited by Dave K; 01/23/08 09:47 AM.
