Nobody's been anything here for a long time now, since before Christmas. Everyone knows it, dealers are dying, used sales are hopeless. It's called the economy. Hard to justify buying $20K speakers et al. when your job is in jeopardy and your investment portfolio is down over 50% from just a year ago.
Face it--high end audio are luxury goods. You look at your stocks and see YHOO over $200 and RBAK over $150 and you say cool! Think I'll buy those Wilson X-1s and ARC Ref 600s. Now you look at those same stocks and see YHOO under $20 and RBAK under $10, and suddenly it's a bit harder to rationalize the purchase of a ridiculous $80K pair of speakers and $30K pair of amps, huh?
It's called the wealth effect. And it ain't working in high end audio's favor nowadays.
Face it--high end audio are luxury goods. You look at your stocks and see YHOO over $200 and RBAK over $150 and you say cool! Think I'll buy those Wilson X-1s and ARC Ref 600s. Now you look at those same stocks and see YHOO under $20 and RBAK under $10, and suddenly it's a bit harder to rationalize the purchase of a ridiculous $80K pair of speakers and $30K pair of amps, huh?
It's called the wealth effect. And it ain't working in high end audio's favor nowadays.