Re: [AMC-list] AMC market (was American Motoring magazine)

[Frank Swygert <farna@xxxxxxx>]

I think you hit the nail on the head here. Many things, not just cars, seem like bargains now only because prices got so inflated in the 90s -- housing, collector cars, etc. Prices are more realistic now, not really "bargains". When I first started putting money in a mutual fund nearly 30 years ago (83, first year in USAF), I had a great broker. He told me then to look at 20-30 year averages for funds -- at least 10 year if possible. THAT was what you should expect to get. the market has a low to equal any high. At the time a good 20 year average was around 8%, and it really hasn't changed. When we had 2-5 year averages of 20+% for a while in medium risk funds (30+ for high risk) for so long I knew there would be a corresponding low. The longer the market stays unusually high, the more likely the low will be a swift drop and slow climb back to normal. We're just starting to see what should be normal now. People are having a hard time adjusting to "normal" from those high rate
s that were enjoyed for nearly 10 years. Get used to it -- those were unusually high rates, not normal, and we may never see such rates again.

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Date: Fri, 11 Feb 2011 14:13:44 -0600
From: "Eddie Stakes"<eddiestakes@xxxxxxxxxxxxxxxxxxxx>

Sort of what happened in 1991 when muscle car market went to hell after prices went up in 87-90, market sort of readjusted itself I guess.

--
Frank Swygert
Publisher, "American Motors Cars"
Magazine (AMC)
For all AMC enthusiasts
http://www.amc-mag.com
(free download available!)


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