2008 into 2009 created one of the best buying opportunities of our lifetimes. Economies expand and contract all the time. The question, if you're invested in equities, is which side do you want to play? The current environment has a direction, in my mind that's one problem solved. Timing is always the issue but if one is willing to take profits and wait for the reversal, there's money to be made.
The Economy.. will hi end audio mfgs lower prices?
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The state of California just laid off 20,000 employees. National unemployment is at a 30 year high.
Will there be a shake-out in high end audio? Will we continue to see $10k preamps and $30k amps?
According to the article below, prices of most consumer goods, especially big ticket consumer goods are going down.
....copy and paste it into your browser
http://finance.yahoo.com/tech-ticker/article/176714/American-Retail-Goods-On-Sale-Now----and-Forever?tickers=sks,%5Egspc,%5Edji,wmt,jwn,wfmi,cost
.
The state of California just laid off 20,000 employees. National unemployment is at a 30 year high.
Will there be a shake-out in high end audio? Will we continue to see $10k preamps and $30k amps?
According to the article below, prices of most consumer goods, especially big ticket consumer goods are going down.
....copy and paste it into your browser
http://finance.yahoo.com/tech-ticker/article/176714/American-Retail-Goods-On-Sale-Now----and-Forever?tickers=sks,%5Egspc,%5Edji,wmt,jwn,wfmi,cost
.