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Old 01-06-2009, 10:24 AM
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Default Long Term Effects of Economic Slowdown

Posted By: DJ

2009 should be pretty much what it was the last six months, a difficult time for many and it's likely that people have put a halt to buying (or being very selective and cherry picking or bottom feeding essentials) for the time being, as structures that are half built in Las Vegas are at a standstill. One thing assisting this hobby/business is that many financial experts (like Jim Cramer on 'Mad Money' even stated this) are telling people to put money not only in items that have proven to increase during difficult times (I.E Gold) but collectibles to hedge to diversify that portfolio. After all, a T206 Red Background Ty Cobb is probably a far better bet than Corning (GLW)or Cisco (CSCO) or eBay (EBAY) stock right now.

DJ

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