Quote:
Originally Posted by glynparson
Exempting the unnatural pandemic market prices are almost always down a good bit in December. When I was flush with cash before I got sick I would buy tons of material
In December. It’s generally a great time to pick up stuff. Less competition due to people
Buying stuff for family at the holidays and often some more things in the market because people are trying to generate cash to buy presents. I don’t judge the market much on what happens in December. If it’s still this stagnant and down when February rolls around it will be of more concern than it being down right now. Either way we are clearly down from the absurd pandemic market but everyone that was being rational and honest knew the market could not stay like it was in 2020-2022.
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I concur. It's the most wonderful time of the year, unless you are a card seller. Same is true of many other trades. From Thanksgiving to around the 2nd week in January my practice slows way down. No one wants to do anything that might interfere with travel and family plans. I had a hearing last week, judge was on vacation, and his replacement kicked the hearing to July.
About the only thing I'd add to glyn's point is that we are in a very typical period before the market bottoms out, which will come once we see the folks who holding out for higher prices decide they have to sell: the capitulation sales. We'll go flat for a while and then demand will grow again, same as it ever was.