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11 April 2024, 11:06 PM | #1 |
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ZeroHedge - Will The Used Rolex Price Bottom Hold With Fed Pivot 'Likely' Delayed?
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11 April 2024, 11:07 PM | #2 |
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Glad I don't have to worry about it either way
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11 April 2024, 11:14 PM | #3 |
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If I like a watch, I buy it. If not, I don't. It never gets more complicated than that.
dP
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11 April 2024, 11:18 PM | #4 |
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If I knew that I wouldn't have to worry about watch prices
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11 April 2024, 11:21 PM | #5 |
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ZeroHedge - Will The Used Rolex Price Bottom Hold With Fed Pivot 'Likely' Delayed?
For folks awaiting the "bottom" to buy on the secondary market...
I think back to something Warren Buffett once said, “The only value of stock forecasters is to make fortune-tellers look good.” ...It all comes down to human psychology and the relationship between the demand for watches, the markets, and volatility. I think volatility has moderated but we haven't seen the bottom yet. Sent from my iPhone using Tapatalk Pro
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11 April 2024, 11:43 PM | #6 |
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Retail prices are set by Rolex. Used watch prices are simply a reflection of supply and demand.
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11 April 2024, 11:49 PM | #7 |
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The commodities market does not have a direct and repeatable correlation with fed funds rate. And as aforementioned by 77T, predicting the markets is often a fool’s game with no repeatable success. Who knows what will happen but if I am a betting man I would bet that interest rates, treasury yields have little to do with Rolex prices on the secondary market.
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11 April 2024, 11:55 PM | #8 |
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11 April 2024, 11:55 PM | #9 | |
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Quote:
Well said Dan.
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12 April 2024, 12:10 AM | #10 |
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Great to see ya Dan.
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12 April 2024, 12:11 AM | #11 |
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Agreed with all. Im just glad to see the COVID bucks mania shopping spree come to an end.
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12 April 2024, 12:32 AM | #12 |
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♛116500LN |
12 April 2024, 12:35 AM | #13 |
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Thanks, John!
You too, my friend! Love that avatar. dP
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12 April 2024, 12:36 AM | #14 | |
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Quote:
There is a LOT of liquidity out in the world right now. Secondary prices will move up and down in a range, but people who pay cash for watches are abundant so demand will prices up…until it doesn’t LOL |
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12 April 2024, 03:06 AM | #15 |
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Covid BUX are disappearing and most consumers are spent up. I don't expect the secondary market to free fall. More are interested in watches right now than at any other time in history so that will play into pricing going forward. Most watches at this point are at MSRP or just above it. There is room for more downward pressure but not much.
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