Quote:
Originally Posted by Chester01
I mean its sad in some ways, but did folks really not see this coming. Perhaps im too old but think there are far too many that only ever saw the market go in one direction. Im old enough to recall 1987, early 90's, dot.com bust, and of late 1997 and what goes up comes down.
|
You don’t even have to go that far back. Late 2000’s and the housing market, but FOMO is real, and ai think it impacts even those who do remember. I remember all the threads in this forum saying Rolex prices will only ever appreciate - people seriously seemed to think that Rolex would be the first asset in history to just appreciate forever. We are still not seeing Rolex at a discount at ADs, but yhe price seems done rising.