Pre-owned Update: November 2015
Several markets are seeing a severe lack of buyer interest.


Any time I hear a financial news broadcast on CNBC tossing out biblical phrases along the lines of “the four horsemen of the apocalypse” or the term “death cross” to define the bearish environment on Wall Street, I think, This is not good for aircraft sales. In simple terms, the death cross refers to a time when the short-term moving average (such as the 50-day) breaks through (or crosses), the long-term trend (such as the 200-day). Four major indexes did just that at the beginning of the quarter, hence the Four Horsemen reference. The last time this happened was in 2011.