NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you give an opinion of a person or company your full name needs to be in your post. Contact the moderator at leon@net54baseball.com should you have any questions or concerns. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

Reply
 
Thread Tools Display Modes
  #21  
Old 08-20-2018, 10:02 PM
SetBuilder's Avatar
SetBuilder SetBuilder is offline
Manny
Member
 
Join Date: Apr 2012
Location: Key Biscayne, FL
Posts: 388
Default

Quote:
Originally Posted by Peter_Spaeth View Post
Bitcoin has come partway back to earth. You're right, but you could have put together a sky is falling scenario in 2010 too. How many people thought it was insane when AMZN hit 500?
The US is $22 Trillion in debt and running $1T deficits at the tail end of one of the longest economic expansions on record. Cost to service that debt is already $500B+ a year, almost bigger than Medicare and the military. Consumers have more debt today than they did in 2006-7 before the collapse. A lot of it is unsecured debt for things like subprime autos and discretionary items.

Everyone binged on debt while rates were near zero.

Just keep that in mind.
Reply With Quote
  #22  
Old 08-20-2018, 10:04 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 14,274
Default

Quote:
Originally Posted by SetBuilder View Post
The US is $22 Trillion in debt and running $1T deficits at the tail end of one of the longest economic expansions on record. Cost to service that debt is already $500B+ a year, almost bigger than Medicare and the military. Consumers have more debt today than they did in 2006-7 before the collapse. A lot of it is unsecured debt for things like subprime autos and discretionary items.

Everyone binged on debt while rates were near zero.

Just keep that in mind.
I read the gloom and doom folks all the time. They always sound persuasive. I'm just saying people who listened to them have missed out on unbelievable growth. I can't believe Stansberry and his ilk have a single paying client left with his track record.
__________________
Buy high, sell low.

Last edited by Peter_Spaeth; 08-20-2018 at 10:05 PM.
Reply With Quote
  #23  
Old 08-20-2018, 10:08 PM
SetBuilder's Avatar
SetBuilder SetBuilder is offline
Manny
Member
 
Join Date: Apr 2012
Location: Key Biscayne, FL
Posts: 388
Default

Quote:
Originally Posted by Peter_Spaeth View Post
I read the gloom and doom folks all the time. They always sound persuasive. I'm just saying people who listened to them have missed out on unbelievable growth.
That's fine. I've been bullish the last few years. Some people are permanently pessimistic and it can be annoying, I agree. But they may be broken clocks soon. This is the longest period between recessions. Ever.

Can you honestly tell me this expansion is going to continue indefinitely?
Reply With Quote
  #24  
Old 08-20-2018, 10:09 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 14,274
Default

Quote:
Originally Posted by SetBuilder View Post
That's fine. I've been bullish the last few years. Some people are permanently pessimistic and it can be annoying, I agree. But they may be broken clocks soon. This is the longest period between recessions. Ever.

Can you honestly tell me this expansion is going to continue indefinitely?
No, corrections are always inevitable, but rule no. 1 has always been don't try to time the market or you'll get burned, no?
__________________
Buy high, sell low.
Reply With Quote
  #25  
Old 08-20-2018, 10:11 PM
SetBuilder's Avatar
SetBuilder SetBuilder is offline
Manny
Member
 
Join Date: Apr 2012
Location: Key Biscayne, FL
Posts: 388
Default

Quote:
Originally Posted by Peter_Spaeth View Post
No, corrections are always inevitable, but rule no. 1 has always been don't try to time the market or you'll get burned, no?
Don't try to time the market, but don't buy at the top either. There is a subtle difference between the two.
Reply With Quote
  #26  
Old 08-20-2018, 10:12 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 14,274
Default

Quote:
Originally Posted by SetBuilder View Post
Don't try to time the market, but don't buy at the top either. There is a subtle difference between the two.
That's the whole point, you can't tell a top without hindsight. People thought Dow 10K was a top.
__________________
Buy high, sell low.
Reply With Quote
  #27  
Old 08-20-2018, 10:14 PM
SetBuilder's Avatar
SetBuilder SetBuilder is offline
Manny
Member
 
Join Date: Apr 2012
Location: Key Biscayne, FL
Posts: 388
Default

Quote:
Originally Posted by Peter_Spaeth View Post
That's the whole point, you can't tell a top without hindsight. People thought Dow 10K was a top.
You can sort of tell. When the price of something goes up 500% in a relatively short period of time it's probably not wise to buy and bet on another 500% rise.

Gravity.
Reply With Quote
  #28  
Old 08-20-2018, 10:17 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 14,274
Default

Quote:
Originally Posted by SetBuilder View Post
You can sort of tell. When the price of something goes up 500% in a relatively short period of time it's probably not wise to buy and bet on another 500% rise.

Gravity.
Mebbe. I thought about buying a few shares of AMZN just for fun at 1000. Then I said to myself, this is madness, the numbers make no sense based on its earnings, not even for fun. Not long after that it was at 1300 and I did it just to spite myself. And now it's close to 1900. So you just don't know and crystal balls, IMO, are useless.
__________________
Buy high, sell low.
Reply With Quote
  #29  
Old 08-20-2018, 10:22 PM
SetBuilder's Avatar
SetBuilder SetBuilder is offline
Manny
Member
 
Join Date: Apr 2012
Location: Key Biscayne, FL
Posts: 388
Default

Quote:
Originally Posted by Peter_Spaeth View Post
Mebbe. I thought about buying a few shares of AMZN just for fun at 1000. Then I said to myself, this is madness, the numbers make no sense based on its earnings, not even for fun. Not long after that it was at 1300 and I did it just to spite myself. And now it's close to 1900. So you just don't know and crystal balls, IMO, are useless.
Amazon is almost a monopoly. If they're not already, they probably will be soon.

You're cherry picking.
Reply With Quote
  #30  
Old 08-20-2018, 10:26 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 14,274
Default

Quote:
Originally Posted by SetBuilder View Post
Amazon is almost a monopoly. If they're not already, they probably will be soon.

You're cherry picking.
And wishing I had picked many more cherries. But anyone can buy it, they have the same information I do.
__________________
Buy high, sell low.
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
What Percentage of Vintage Cards Have Been Graded? OldOriole Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 36 10-28-2017 01:44 AM
Largest number of cards in a set? irv Postwar Baseball Cards Forum (Pre-1980) 24 06-13-2017 07:31 PM
The worrying increase in Fake Gum Cards and Wrappers in the marketplace rdwyer Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 0 05-02-2016 02:40 PM
OT: Signed in person valuable cards decrease or increase value? HOF Auto Rookies Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 5 07-12-2015 06:15 PM
Percentage of Vintage Cards Slabbed in Hobby Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 39 12-23-2006 09:01 PM


All times are GMT -5. The time now is 02:18 AM.


ebay GSB