Quote:
Originally Posted by japhi
My point was equities have been doing well the past 4 years. And yes stock prices are a joke, pe ratios are crazy high. Cheap money, etc. The fact that cards have stagnated in this environment - easy, cheap money - suggests we are at a peak. If money tightens up look out, and if some whales exit could be real ugly. JMHO.
|
Peak schmeak, this is starting to sound like a seeking alpha article. The same was said Jan 19 rescission, global slowdown, etc
When people exit the stock market, they'll need to put resources elsewhere. Maybe something tangible that can make them think of days gone by when life was simpler, and MLBers needed winter jobs. Hoping its oil stocks, since it didnt happen last year!
Dont take it personally, anytime someone relates cards to stocks there are two sides to it. I never believed in these PWCC indices, I stick to what I know. Tough cards, more demand and signed 52 topps when I see 'em