As other assets like stocks, it’s normal and healthy to consolidate after a boom.
But to predict a bust just because it ran up doesn’t factor the possibility i) there may be a consolidation period to digest the run up and ii) asset prices generally rise over the long run through the cycles- which cards have exhibited several times as we long time collectors experienced.
His name is Vegas Dave for a reason I guess...
IMO, every asset class is in a bubble due to the central bank liquidity. Given fed messaging for QE support for the next several years, add fiscal stimulus, they effectively removed cyclicality in the economy - so we may hit bumps but I take the over...
Last edited by joshuanip; 01-29-2021 at 09:20 PM.
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