Quote Originally Posted by Mechanic688 View Post
Ouch! That is one telling chart!
Thank you John for bringing up this issue. It is relevant to all who buy vehicles to scrap.

I always find it amazing how the news is able to manipulate prices by fear. When I traded I remember listening to a guy who told a story about how an explosion in the UK had made the US Stock market plunge. He said "All traders did was utilize that news to short the market.. the idea that an explosion in the UK has anything to do with the US stock market is pure rubbish"

This applies with the ISIS and Ebola news as well. One has nothing to do with the other.. but fears and news perpetuating fear are pushing markets down- Great to be a "bear" right now if you are in just about any market!