Re: Market direction
Bryan,
I am not an economist like my dad, but I don't think there's much to worry about.
One has to remember a couple of variables. First, there's always speculation when
a new President gets elected. (I hope this post doesn't get hijacked and turn into
a political free-for-all.) Next, it's the holiday season. Many folks have other things
to spend their money on this time of the year.
If you've been following the auctions and say there's a downward trend I'm won't
argue with you, but in the casual monitoring I've seen prices relatively healthy.
If this trend continues for a quarter or more then you might be onto something.
Best,
ErikV
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