It is Friday, October 24, 2008. 9am.
I awoke to the news that world financial markets have dropped again overnight. Not so surprising but frightening, nonetheless. While many were watching the stock market fluctuate Thursday, a very important event occurred at my booth in NYC. A known dealer offered me a plastic Daytona for UNDER $20k. I did not buy it.
To all who believe the watch market is impervious to a world financial decline, think again. The writing is on the wall. On a day where shareholders are selling off stocks like Exxon, Home Depot, etc., what makes you think a DRSD or 6263 are immune?
Fasten your seat belts.
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