As a follow up to this thread that explained the technical reasons why (equity) asset values were going to have a temporary reprieve from their monstrous declines at the start of the year, (And thus a good window to sell firearms of marginal investment value), I felt somewhat obligated to complete the thought process and also place into the record the time at which such a bounce for all intensive purposes had run its course. (A great time to have cash to start haggling on investment grade guns, or even to consider purchasing the shooters one has always dreamed of owning.)
Therefore today, after the market had its enormous multi-month technical bounce off the .382 retracement of the previous Bear Market(see previous posts for a real time explanation), having gained well over 10%+ in less than three months time...(and lets face it...the fundamentals had absolutely zero to do with this bounce as they have unquestionably only deteriorated over the past several months)...I now have to conclude my previous call and suggest the astute buyer/collector prepare themselves for another another leg down in the net worth of the average gun buyer.
(Of course, depending on each individuals collections, or interests, this will have a decidedly different effect on their buying/selling/shooting habits that only they can determine...However, I wanted to be sure to provide some conclusion to my previous call...)
JC
