Quote:
Originally Posted by japhi
Lots of high value cards are WAY off ATH's. Mostly modern, mostly BKB, but upwards of 80% declines.
Recency bias says says that assets like cards, homes, art, vehicles will go up forever but we know that isn't true. Can't think of an asset class that doesn't correct periodically, and the correction is typically in proportion to the run up. We are way overdue for a big reset.
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Correction yes...big reset I do not see in higher grade vintage. To much big money is hedged in this now...idk I could be wrong. LoL either way very cool having this conversation, I like your thinking.