The First Buyer's Market Since 2001

摘要

While driving to Annapolis last October, a few days before the 2008 Annapolis Sailboat Show, I had the radio turned to stock market news. The Dow was plunging like a rock and I couldn't help but wonder what sort of boat show it would be. A few days into the show, Alexis de Boucaud, our Florida agent, came to me and said: "Phil, I think the Dolphin 460 has come down in price a lot - like $200,000." He explained to me that over the course of just a few days the Brazilian currency had weakened nearly 30% to the Dollar. I later opened up the currency tables of the Wall Street Journal to see that the Pound, the Aussie Dollar, the South African Rand, and even the Canadian currency were falling hard as well. As the economic crisis went global people were fleeing to the Dollar.