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Posted By: David Vargha

ECON 101 -- Supply and demand dictate price, whether it is pork bellies, sweet crude, T205's or 1984 Donruss. The markets are quite efficient this way. Now if you are "speculating" about whether current conditions indicate a speculative market or not for cards, that is quite another story and a different analysis altogether. But to make an evaluation on a collectible because of a perceived lack of intrinsic value or otherwise is just as foolish as using that same methodology to price diamonds. It all goes back to those darned P/Q charts.

DavidVargha@hotmail.com