And it's too early to bottom fish.
Hundreds of thousands of people bought these cars for good money, and now they're taking a bath on them. You can hope like hell that regulators are going to go easy on them in the long run and try to make a soft landing here, and while that is probably true if past history is any indication, a lot of people lost a lot of money and it's going to be a VERY expensive proposition to make them whole, tens of billions of either VW or taxpayer dollars (with the requisite political fights along with it, if a taxpayer bailout is in the offing) if the numbers I'm reading are any indication.
An experienced investor could still make some money on the right option plays, given that the option prices on VW already have this volatility baked into the pricing cake by now, but if you're on this forum asking about this, you're not one of those investors.
A lot of people spent 30-40 grand on these cars with the expectation of certain standards of emissions and performance, and now they're not going to get either. And as a result of this, VW's reputation is going to take a pretty serious hit, and deservedly so. They did this with malice aforethought.
Some points on the geopolitical ramifications here.
Hundreds of thousands of people bought these cars for good money, and now they're taking a bath on them. You can hope like hell that regulators are going to go easy on them in the long run and try to make a soft landing here, and while that is probably true if past history is any indication, a lot of people lost a lot of money and it's going to be a VERY expensive proposition to make them whole, tens of billions of either VW or taxpayer dollars (with the requisite political fights along with it, if a taxpayer bailout is in the offing) if the numbers I'm reading are any indication.
An experienced investor could still make some money on the right option plays, given that the option prices on VW already have this volatility baked into the pricing cake by now, but if you're on this forum asking about this, you're not one of those investors.
A lot of people spent 30-40 grand on these cars with the expectation of certain standards of emissions and performance, and now they're not going to get either. And as a result of this, VW's reputation is going to take a pretty serious hit, and deservedly so. They did this with malice aforethought.
Some points on the geopolitical ramifications here.