[Exhibitman]

I don't want to take an overly bleak view; I mean, 10% unemployment is 90% employment, right? Certain people collect stuff. Like all of us. Baseball remains hugely popular and a part of American cultural history. It will always be a subject of collection. The only question is whether we've seen a peak to the market for cards. I think we've seen a peak for a while with the pre-2008 prices. I think we've seen the short term bottom some time last year. I think it will take years for prices to rebound--but they will go on. It will beat down some collectors who have to get out now but those who can hold long term and who won't need the money have no reason to panic. Personally, I am liquidating my high grade postwar cards and rebuying the same cards in 'collector' grades for a fraction of the price, and finding that I enjoy having them raw in albums far more than slabbed in stacks, and I can get far more cards for tbe buck to enjoy. That's my adjustment to the new normal; don't expect others will agree.

Another reality is that there are several eras of collection that have very little to do with one another. Anything older than WWII is one epoch, the boomer era cards are another--say post WWII to 1973. The 1970s to 1980 are another. The rest is modern. I do not see any real value to post 1980 base sets. You can have them all for the asking for pennies a card.