bmccaw
42
After this week, I think the next 2 - 3 quarters sales number will be interesting...
If and only if the FED and the Treasury had failed to react to the crisis this Thursday and let the market fall, likely most broker dealer would have been run and most commercial banks would have been run as well.
I guess no one will have any moods to talk about watch collecting as most wealthy or poor have lost all their saving in the financial systems. Its a total armageddon on the worldwide financial systems.
The crisis is still not going away yet as the recessionary or maybe deflationary forces is now at work, so the forever price hiking practice by the watch makers will now run into resistance and their sales might slow down dramatically.
The investment value could fall dramatically as a result. For wealthy collectors, they might get great discount and no need to wait for their candies, however most people will prefer cash as I speak to lots of friends who are into watch collecting even they can well afford it.
B
Does the current economic slowdown affect your appetite in purchasing more pam?
Not totally true
my logic is slightly different -
Investment Banks, Insurance, Commercial Banks..... going belly up....
Depends....
