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I don’t think the stock market has any direct impact but there is correlation with each other to multiple variables, namely employment and monetary liquidity.
Employment is obvious; impacts both demand and supply curves. And monetary liquidity is like blowing air in a balloon, with the balloon being all asset classes including sports cards. So if the market goes down sure it doesn’t impact the individual, but we are all slaves to the alter of price momentum and price momentum is impacted by the stock market, if not directly then indirectly. Last edited by joshuanip; 02-16-2018 at 07:44 AM. |
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Leon Luckey Last edited by Leon; 02-16-2018 at 07:52 AM. |
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Im speaking generally. Of course there are people that are directly impacted, definitely including myself. But majority of people either don’t invest in stocks or don’t put two and two together that they are through their 401ks.
That’s why there are so many responses that it doesn’t impact them. I may be wrong but that is my assumption. What I’m also saying in a round about way is that the stock market impacts everyone directly or indirectly through correlation of variables. Poor English on my part to start my previous post negatively affirming it has no impact, I was speaking as a whole |
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Leon Luckey |
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Nah, I'm small time. From 1987 Crash to now, my collecting years, it never mattered
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Article on topic
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There's an indirect effect on the 'hot' cards of the day and on very expensive cards. It doesn't take many buyers sitting out the auctions to lower the results on marquee stuff. Though I am guessing that some of the pullback on mega-priced postwar stuff is a result of the collapse of the shilling ring that was working over the postwar market through PWCC and other outlets. But we needn't get into that again
One thing I noticed during the downturn was that collectors who are into lower grade and inexpensive stuff didn't pull back the way others did. Every show I attended had plenty of action at the cheap card tables and dollar boxes while expensive stuff sat. Turns out collectors don't lose the bug even if things look bad, they just channel it into cheaper endeavors.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 02-19-2018 at 12:28 PM. |
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