Rolex price correction

[Juclaq]

There is going to be a Rolex price correction in 2019. There is no way this is sustainable. You are looking at pre-owned steel sports selling above MSRP. I can understand if the watches were discontinued models. However, we are looking at mass produced watches like a Sub or a SD. The following are why I know Rolex price correction is coming:

1. As much as Rolex makes us believe there is a shortage, Rolex is a still mass produced.
2. Lot of people have bought Rolex SS on speculation. If there is a price correction, I see alot of them dumping stock
3. All things run in cycles. Stocks, economy and even watches. Panerai were popular 5 years ago. Like Rolex, used Panerai were sold above retail.

I was in a market for another Rolex but I decided not to purchase it. All the speculations and rumors remind me of the housing bubble in 2008. I saw that coming and i waited after the bubble pop before purchasing properties. I see the same thing here. I am going to wait