I believe there is a direct correlation between the two. If the market is up and people are feeling good about the financial future, then I imagine they are more willing to go after big $ cards up to a point. I know that is the way I operate and with the big drop since the first of the year I probably will be sitting on the sidelines for a while unless real value presents itself. I believe there is a higher percentage of Americans in the stock market through 401Ks and IRAs than many people imagine and market movements will inevitably affect spending. I believe it will be interesting to see final prices realized in the current auctions, Mile High and For the Love of the Game, to see if the market pullback has any affect. Just remember what Chairman Mao said, "May you live in interesting times."
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