Prices will never go back down!
Supply and demand! I am planning a meet, £300 for two hours, pricey, I know, but you know what they fanny, it will draw you further than dynamite will blow you.
Spot on Crackpot11.
Titfest, our history of the last two thousand years says otherwise.
Wherever markets balloon or plummet, it is based on emotion, predominantly fear, not logic.
What you're replaying is the emotion of the market, the fear.
But the logic of reality always wins out in the end.
Here's the logic:
If someone,
anyone, wants to sell a thing or a service, and they need the money, but no one's buying at the price they're asking, guess what they always have and always will do in order to get at least *some* money.
Drop their prices.
Why? Because it's better to have
some money than none. Better to eat a little than to starve.
Even 10% of £100 is still more than 0% of £1,000,000.<-- asking price
And when nobody's buying your service, you get 0% and therefore £0, regardless (and often because) of how much you're asking for it.
Price is what someone asks for a service. Cost is what you agree to pay, and therefore what they ultimately receive.
If you don't agree to the price, it drives costs down.
Only idiots who do agree to extortionate prices prop the inflated market up. But hey, it's their cash and they're entitled to buy what they want at whatever price they want.
But when they ultimately run out of cash, or just punt less often, which they will at those prices, the market collapses.
It's that simple.
Everything from tulips to dotcom shares tells us this is how the world works.
Rest assured, prices will go down.
Just hold your nerve, sit back and watch, then net yourself a bargain in May/June as Crackpot11 said.
When the supply bounces back, we will go from a seller's market to a buyer's market.
