Quote from B. Rowshan:
Huh? You are an idiot.
I lived my entire life on the upper east side, before recently relocating to a quieter environment. You haven't a clue! You have zero foresight. Just ask the condo owner who now cannot sell at any price. Just ask luxury goods sellers who are verging on bankruptcy. It's not what it looks like now, but in a few months and years. You cannot see the future, and as such, you suck as a trader too.
marketsurfer using all his foresight:
http://www.elitetrader.com/vb/showthread.php?threadid=143745
Make no mistake. The future calls for big trouble in nyc. It's approaching fast.
im not so sure about your words on the luxury market. vertu phones are selling like hotcakes at the plaza store and several new ultra high end watch boutiques have just opened on 57th and fifth area. People are still buying luxury.
you may be right about the future, i don't think so, but no one really knows...
surf
