Again to make my stance clear, I do indeed feel everywhere will drop… Your example is crystal clear to me and I agree…
As you know I am no stranger to eating humble pie and will be the first one to say I am wrong if I miss the call on this. (and the way things are looking, this may be!)
I just think that the variance in the depreciation will be there for reasons I have stuck with and written before. You are a tough debate because you stick with rationale and are never emotional on topics. Also I do not lump places like 4S or even CV into the places that will not take some of the hardest hits. I think those will indeed get fairly pounded towards the backend of the cycle.
