bulls, bears, and high bids

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Posted By: Glenn

Has anyone noticed (or looked for but not found) any relation between the performance of the stock market in a particular week or month and the closing prices for cards on ebay during the same period? Is the impact significant or neglibgible?

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Posted By: barrysloate

I don't think there's a cause-effect relationship, but if people have more money they can spend more, and if they have less, they spend less. Also, you may have a few people who decide to get out of stocks and put some of the money into collectibles. In short, it's hard to generalize.

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Posted By: jay behrens

The economy, in general, and people's perception of how it is doing is a better indicator than the stock market.

Jay

I've just reached Upper Lower Class. I am now officially a babe magnet for poor chicks.

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Posted By: William Brumbach

It also comes down to a matter of tangible assets. I don't think you can really do a day to day or week by week snapshot but rather longer term trends. One has to look no further than the Barrett-Jackson car auction every year the past few years to see this. Do you want to risk dumping $50,000 into the next Enron or do you want to put that money into a numbers-matching 1969 Dodge Charger R/T? Personal preference obviously but the reality is that a significant number of people are willing to go after tangible assets ranging from cars, artwork, real estate or whatever else instead of purely stocks and equities.

I guess it's all relative to what kind of cash flow you are dealing with. I mean really, was anyone else watching the end of this T202 last night? Fantastic! I say even though it's out of my price range right now.

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Posted By: Julie

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Posted By: jay behrens

It's all about the pop report and who's is bigger.

Jay

I've just reached Upper Lower Class. I am now officially a babe magnet for poor chicks.

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Posted By: tbob

I agree with Barry but I've always heard that the worse the economy gets, the better it is for the collectibles market. If that's true, it's easy to see why card prices (particularly caramels) are booming while Nero Bush sits and fiddles....

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Posted By: jay behrens

Collectibles are trationally a great hedge against inflation. A poor economy and infaltion do not go hand in hand. A slow economy does make collectibles a good bet unless inflation is also involved. Wish I could remember my professor's lecture how it all works, but that was years ago.

Jay

I've just reached Upper Lower Class. I am now officially a babe magnet for poor chicks.

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Posted By: scott

i agree with julie on the common issue.i think the grading companies have their place but i do feel on all levels common card values are artificially inflated due to "population reports".i recently was looking at an auction with 1971 commons psa mint going for over $100 dollars.a thurmon munson rookie same year in mint $4000.obviously newer lesser hof's prices are way out of hand due to this.

i read an article lsat week about in the early 80"s coin collectors did the same thing,buying very high grade commons but the bottom dropped out on the market leaving these collectors stuck with coins they overpaid for.i think there may be a warning here.

face it with $5000 you could buy some sweet hof's in nice shape.

anyways thats my 2 cents but each collector to his own,
scott