Many people will be off by 25% again this cycle.

At the previous low of around 16K many were waiting on the side line, hoping for 12K, which is 25%. If the bottem is already in, around 58K, all the people waiting for another 25% drop, which will be around 43K, will be left behind. Funny that 42-45K is a price I see being thrown around very often.

The big boys know thousands of people are waiting for 45K prices in october, therefore I simply don’t think we’re going to see those lows.