69 Z28 RS JL8 Crossram car listed at BJ auction

[whitetop]

Frank & 70 Copo

I also agree the bubble is going to burst any time now. Just read in a Kiplinger type forcast magazine that companies throughout the US have not bought for the most part any large internal infrustructure like computers/cnc machines/tooling unless they HAD TOO over the last 4-5 years because of the sluggish economy. Even the recent Dell commercial made light of this when it showed a workstation with 4-5 monitors and everything duct taped together. These companies know what the buying trend is going to be over the next few years and are advertising their wares.

However in 2005-06 these companies need to and are being forced to upgrade to new equipment because the stuff they are using is just plain worn out or is obsolete. The report said this is a new cycle that happens every so many years and 05-06 is it. The next two years are predicted to be the strongest sales of high end tooling/machining and main frame computers in along time. I don't think it will be like in 97-99 but it will be very strong. I think the stock market is going to come back strong, even lower unemployment and Iraq will start to stabilize after the elections. All of this is going to make the stock market competitive with the returns on collectible cars.

Also, BJ even admitted last night that many of the buyers at the auction were first time car people or people who did well in life who went without a car. These people IMO are not true car people like most of us and will be the first ones to sell their car when the market starts returning more than a single digit return each year...or when the car prices give the slightest indication of going down. They will then go onto their next hobby of the month whim.