This is nothing new.
Any company that is in a Bankruptcy or liquidation process sees its shares worth zero if liabilities are greater than assets.

 

Once again, you totally missed my point given the post by Manifold.
Here, let me repeat it for you again . . .

 

That's a simplistic take, no?

If the central bank could stop inflation, why hasn't it stopped inflation after 1+ year of trying? How could the fed have stopped inflation spiking for cars in 2021/2022 because semiconductor facilities were shut down?

 

I agree that they will and should raise rates by 1/4% next week because inflation is the bigger evil between a mild recession and/or a few bank failures.

 

Market is crashing real hard today. We might see negative adm (also known as back to the norm).

 

Yep. Pretty soon, dealers will pay us to take cars off of their lot.

 

I don't read too much into short-term things, but it's certainly possible that things are finally starting to break, and now we're caught between trying to fight inflation (very bad) and not having lots of things break (also very bad). I don't really see a scenario where the economy won't be in trouble in the coming year or so. I know Porsche GT cars are luxury goods, but that doesn't mean demand won't come down if the economy has a lot of problems.

 

That did actually happen in early 2010s. Dealers begging us to take rs 4.0 off their lots haha. Rich people will be the last to be affected.

 

1.5% is crashing to you?

The hyperbole is real.

https://www.motor1.com/news/657059/p...ice-increases/

This is a more concerning thing.

 

I am worried just as much as you guys are. My brokerage account took a pretty big hit as well.

msrp doesnt mean **** though. When times are good, people pay 100k over msrp. When times are bad, people get cars below msrp.

 

wasn’t the market up like 2% yesterday though? Why the freak out?

 

People here sound like women on crash, fad diets. Freaking out at every pound gained or lost on a daily, if not hourly basis, when what we really care about are long term (or at least medium term) trend lines.

Thinking you've gained a pound does not mean your diet sucks or you're fat.

And likewise, losing an extra pound does not mean your diet is working or that you're all of sudden ready to show off your beach bod.

People who act on daily, short term market volatility are just guppies waiting to be fed to the whales, or what we used to call day traders and pikers.

 

They might pay $100k over when times are good, but you’re not paying $100k under when times are bad.

 

yep. When market crashes and everyone’s portfolio tanks, it take a lot of ‘would be’ buyers out of the game

 

Thats funny!
There's a 2 year wait for ordering a 911.