Does the stock market affect card prices?

[vintagetoppsguy]

I replied in the other thread, then saw this one on the main page. I just quoted what I said in the other thread...

Originally Posted by vintagetoppsguy

I can only speak for myself, but I haven't stopped collecting, just slowed down quite a bit.

In addition to the stock market, I happen to work for an oil and gas engineering company and our industry looks very gloomy for the next year or so. I'm on a project that wraps up in early Spring, but I don't know if I'll have a job after that. There are no new projects coming in. So that, along with the stock market downturn, has put a damper on my spending lately.

[packs]

I don't invest in stocks but I certainly hope this is true. I just wish more people in China collected.

[1952boyntoncollector]

there is also the possibility that people downsize their collection and use the funds on cards sold to buy the waterfront property cards..

[Mountaineer1999]

I've just noticed I'm not as in a spending mood after seeing red day after day. I would think that would be the case for most card collectors who have money in the markets. To get a real pullback in card prices I would assume that we would need a major market correction where some in the hobby would actually start to sell their cards. How would card values hold up in a recession....

[Rich Klein]

Yet in 1987 when the market tanked; prices exploded on all cards old and new

[oldjudge]

Everyone is in a different situation. However a lower stock market should translate to a decline in average disposable funds, which should result in lower prices for all non-essential items.

[Yoda]

I believe there is a direct correlation between the two. If the market is up and people are feeling good about the financial future, then I imagine they are more willing to go after big $ cards up to a point. I know that is the way I operate and with the big drop since the first of the year I probably will be sitting on the sidelines for a while unless real value presents itself. I believe there is a higher percentage of Americans in the stock market through 401Ks and IRAs than many people imagine and market movements will inevitably affect spending. I believe it will be interesting to see final prices realized in the current auctions, Mile High and For the Love of the Game, to see if the market pullback has any affect. Just remember what Chairman Mao said, "May you live in interesting times."

[chipperhank44]

For me, the stock market has almost no affect on my spending as it has no direct correlation to my disposable income. Gas prices, however, have had a wonderful affect on my spending!

Also, today's been a pretty nice little day for the market, well, unless you're Best Buy.