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Old 7 November 2021, 04:18 PM   #1
curare78
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Market correction… YES or NO??? Thoughts?

Does anyone out here besides me think that after the holidays there will be a market correction? First or second quarter of 2022. Or with the current supply/demand mismatch the market will continue to go up?

I realize no one has a crystal ball but just curious what fellow collectors think.

TY
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Old 7 November 2021, 04:24 PM   #2
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Only when the stock markets and bitcoins bubble burst.
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Old 7 November 2021, 04:28 PM   #3
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Maybe when the rumored new production facility goes live?
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Old 7 November 2021, 04:32 PM   #4
curare78
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You are most likely right but I’m sure I’m to impulsive to wait. My next post…. Did anyone else get destroyed with the market correction. Lol.
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Old 7 November 2021, 04:40 PM   #5
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That's what they all said last year. And the year before. And the one before that... and so forth.

Look where we are now.
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Old 7 November 2021, 04:46 PM   #6
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That's some wishful thinking there. I worry about real estate pricing more so that Rolex pricing ...
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Old 7 November 2021, 05:17 PM   #7
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That's some wishful thinking there. I worry about real estate pricing more so that Rolex pricing ...

Yes, real estate pricing and stock market.


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Old 7 November 2021, 05:44 PM   #8
Aquinas
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A few years ago, I watched some game design lessons on YouTube. Purely out of interest, unrelated to my job. It made me realize why Monopoly is not a well-designed game: it lacks sufficient money sinks. That’s why a game of Monopoly can take painful, boring hours.
Our capitalist economy also needs money sinks. And quite frankly, I prefer having an idiot tax on unnecessary status symbols for the socially insecure nouveaux riches over price increases on real estate.
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Old 7 November 2021, 05:50 PM   #9
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Market correction… YES or NO??? Thoughts?

It looks like we’re starting to see supply/demand issues with other brands now besides the obvious ones (Rolex, Patek, AP)

For example, someone told me it’s virtually impossible to get some of the more popular Nomos models (Orion 38, Tangente 38, Ludwig 38).

I really don’t know for sure, but I checked some authorized dealer websites of Nomos, and they’re all sold out.

I checked the Nomos website for these models and it says delivery in 6 months.


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Old 7 November 2021, 06:01 PM   #10
curare78
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wow, that's really interesting!!!!!!!!!
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Old 7 November 2021, 06:07 PM   #11
Nairn1980
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Quote:
Originally Posted by curare78 View Post
Does anyone out here besides me think that after the holidays there will be a market correction? First or second quarter of 2022. Or with the current supply/demand mismatch the market will continue to go up?

I realize no one has a crystal ball but just curious what fellow collectors think.

TY
SB
If anything it’ll not rise.
If you’re expecting a significant fall, I’d say no.
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Old 7 November 2021, 06:08 PM   #12
eskiserkan
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Price increase coming in January, so dont expect any correction after the holidays.
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Old 7 November 2021, 06:10 PM   #13
Gerardus
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Interesting topic! (hoping for the best and prepared for the worst)
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Old 7 November 2021, 07:30 PM   #14
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Yes, definite correction in 1st or 2nd quarter next year…..prices going up.
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Old 7 November 2021, 07:40 PM   #15
2001jesper
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Well, it's unrealistic to believe that status quo will continue in perpetuity, but can't see any reason why there should be a change in the coming years.
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Old 7 November 2021, 07:43 PM   #16
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56,0000,000 dollar millionaires in the world .
Rolex 870,000 per annum .

Dont be naive ,there is no bubble.

Prices will continue upwards.
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Old 7 November 2021, 07:47 PM   #17
Saoirse32
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Quote:
Originally Posted by Aquinas View Post
A few years ago, I watched some game design lessons on YouTube. Purely out of interest, unrelated to my job. It made me realize why Monopoly is not a well-designed game: it lacks sufficient money sinks. That’s why a game of Monopoly can take painful, boring hours.
Our capitalist economy also needs money sinks. And quite frankly, I prefer having an idiot tax on unnecessary status symbols for the socially insecure nouveaux riches over price increases on real estate.
Cue the sad trombone…get a grip buddy. I smell your sanctimony
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Old 7 November 2021, 07:56 PM   #18
TswaneNguni
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And quite frankly, I prefer having an idiot tax on unnecessary status symbols for the socially insecure nouveaux riches over price increases on real estate.
Tax high on your Villa ?
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Old 7 November 2021, 08:16 PM   #19
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Quote:
Originally Posted by Krash View Post
It looks like we’re starting to see supply/demand issues with other brands now besides the obvious ones (Rolex, Patek, AP)

For example, someone told me it’s virtually impossible to get some of the more popular Nomos models (Orion 38, Tangente 38, Ludwig 38).

I really don’t know for sure, but I checked some authorized dealer websites of Nomos, and they’re all sold out.

I checked the Nomos website for these models and it says delivery in 6 months.


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They're changing the name to No mas.
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Old 7 November 2021, 08:34 PM   #20
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Quote:
Originally Posted by Krash View Post
It looks like we’re starting to see supply/demand issues with other brands now besides the obvious ones (Rolex, Patek, AP)

For example, someone told me it’s virtually impossible to get some of the more popular Nomos models (Orion 38, Tangente 38, Ludwig 38).

I really don’t know for sure, but I checked some authorized dealer websites of Nomos, and they’re all sold out.

I checked the Nomos website for these models and it says delivery in 6 months.


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Stopped by the Vacheron AD today and they told me 4-5 years for an Overseas. Oh my goodness this is getting crazy.
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Old 7 November 2021, 08:42 PM   #21
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And Uncle Joe has just been green lighted to print $ 1’200’000’000’000..to keep the economy rolling …

Which is 3’992 square miles of $ 1.00 bills enough to wallpaper over the whole of Delaware and Rhode Island and have 1’000 square miles spare.
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Old 7 November 2021, 08:52 PM   #22
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Yes, shortages of all sorts of things at the moment will pass. When COVID is behind us probably. The bills will have to be paid. Markets will correct. But not possible to predict when, just that they will. Warren Buffet is waiting with his big cash pile. And I bet he got a discount on his gold day date.
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Old 7 November 2021, 10:18 PM   #23
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Quote:
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Does anyone out here besides me think that after the holidays there will be a market correction? First or second quarter of 2022. Or with the current supply/demand mismatch the market will continue to go up?

I realize no one has a crystal ball but just curious what fellow collectors think.

TY
SB
Not as long as inflation keeps up. Rolexes have long been recognized as a store of value as unlike most consumer goods they would appreciate over time. That's been turned up to 11 now.

If inflation kicks up even higher, people will start chasing anything to spend their depreciating dollars on and things will just get worse.
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Old 7 November 2021, 10:41 PM   #24
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Quote:
Originally Posted by Aquinas View Post
A few years ago, I watched some game design lessons on YouTube. Purely out of interest, unrelated to my job. It made me realize why Monopoly is not a well-designed game: it lacks sufficient money sinks. That’s why a game of Monopoly can take painful, boring hours.
Our capitalist economy also needs money sinks. And quite frankly, I prefer having an idiot tax on unnecessary status symbols for the socially insecure nouveaux riches over price increases on real estate.
I bet your the “ life and soul of the party”,,,
:
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Old 7 November 2021, 10:48 PM   #25
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Only when the stock markets and bitcoins bubble burst.
But will the Fed allow their BlackRock trading desks to let that happen given the unlimited capability of producing United States Of America Dollar Debt Note currency. Powell already said a month or two back that the Federal Reserve Banking System DOES NOT want prices to go down, they just want to decrease the 'hyperinflation' from ~10% to their targeted 2% annual currency devaluation.

Quote:
Originally Posted by Nauti View Post
And Uncle Joe has just been green lighted to print $ 1’200’000’000’000..to keep the economy rolling …

Which is 3’992 square miles of $ 1.00 bills enough to wallpaper over the whole of Delaware and Rhode Island and have 1’000 square miles spare.
Food For Thought: If you spent $1,000,000 every day since Jeasus was born, it'd still not equal $1,000,000,000,000 ($1T).

Remember decades ago when $1,000,000 had a lot of buying power. So much so that you could live the rest of your life and be fine.

Good luck out there, and remember kids when given the choice of unlimited central bank currencies or crypto....
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Old 7 November 2021, 10:56 PM   #26
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The price will, ALWAYS, only go up! Get in while you can! 2nd hand market is selling at a discount!

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Old 7 November 2021, 11:00 PM   #27
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I don't see it happening but who knows.
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Old 8 November 2021, 12:05 AM   #28
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Tax high on your Villa ?
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Old 8 November 2021, 12:15 AM   #29
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There needs to be a meaningful rise in interest rates, then the market correction will come.
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Old 8 November 2021, 12:16 AM   #30
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I don't see a lot of headwinds for the stock market...as it goes up, people feel richer even if they don't realize those paper gains. This will result in more luxury purchases. So I don't see any gray market watch pricing correction any time soon. IMO.
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