Will this stock market madness affect cards?

[ullmandds]

i happened to see some of that WWE last night...with noone there...it was bizarre to see the wrestlers hamming it up...with noone there!!!!! It's been decades since I've watched wrestling...it will likely be decades more before I watch again!!!

[Leon]

Well, one little thread off the tracks isn't that bad. Keep it clean....

[Shoeless Moe]

The best wrestling these days is watching YouTube Documentaries.

So many good ones out there about the good old days of wrestling and their personal lives, seems like each wrestler had quite the interesting ride, and not many make it out of their 40's.


Also, on Vice TV the Series "Dark Side of the Ring" is tremendous.

[Dpeck100]

Originally Posted by Shoeless Moe

The best wrestling these days is watching YouTube Documentaries.

So many good ones out there about the good old days of wrestling and their personal lives, seems like each wrestler had quite the interesting ride, and not many make it out of their 40's.


Also, on Vice TV the Series "Dark Side of the Ring" is tremendous.

For the most part I just watch Youtube to get my fix.

The Dark Side of the Ring is great. I watched everyone last year and tuned in to the Benoit and New Jack episodes for this season. New Jack was nuts. He wrestled in Orlando for the local promotion I go see a few years before I got involved and that dude is just nuts.

[Dpeck100]

Originally Posted by ullmandds

i happened to see some of that WWE last night...with noone there...it was bizarre to see the wrestlers hamming it up...with noone there!!!!! It's been decades since I've watched wrestling...it will likely be decades more before I watch again!!!

Just watch this about then times in a row and you will be good. Haha

Brody was amazing.

https://www.youtube.com/watch?v=Hqb7nihtp38


Hulk Vs. Andre never gets old.


https://www.youtube.com/watch?v=nnUj9XhWVl0


It is amazing there was a stock market crash in 87 and because my parents didn't own stocks it was like nothing happened. Every penny I earned from mowing yards went to the 87 baseball cards. A year and a half later the market was at new highs. Incredible the obstacles this country has been through.

[Mark17]

Originally Posted by Dpeck100

It is amazing there was a stock market crash in 87 and because my parents didn't own stocks it was like nothing happened. Every penny I earned from mowing yards went to the 87 baseball cards. A year and a half later the market was at new highs. Incredible the obstacles this country has been through.

Your 1987 cards probably plummeted far worse than the stock market.

It's really tough to know what to do, financially. Everyone thought gold and other precious metals were the best hedge in a national crisis, but they are down now, too. Silver dropped from 18.00 an ounce to below 12.00 (briefly.)

I've always believed in quality, single family rental homes, but you need a cash set-aside, for stretches where the renters can't pay the rent, and unexpected maintenance.

And once this crisis is over, I'll be making a habit of getting a few extra bottles of shampoo, bars of soap, toothpaste, and yes, TP when I do my general shopping, to build up a nice supply.

As to cards..... they aren't a necessity, unlike rental property (people need to live somewhere,) so I think prices will come down a bit but not bottom out. Some will sell for liquidity concerns, but many will not be too impacted by the crisis and will feel little pressure to sell.

[Dpeck100]

Originally Posted by Mark17

Your 1987 cards probably plummeted far worse than the stock market.

It's really tough to know what to do, financially. Everyone thought gold and other precious metals were the best hedge in a national crisis, but they are down now, too. Silver dropped from 18.00 an ounce to below 12.00 (briefly.)

I've always believed in quality, single family rental homes, but you need a cash set-aside, for stretches where the renters can't pay the rent, and unexpected maintenance.

And once this crisis is over, I'll be making a habit of getting a few extra bottles of shampoo, bars of soap, toothpaste, and yes, TP when I do my general shopping, to build up a nice supply.

As to cards..... they aren't a necessity, unlike rental property (people need to live somewhere,) so I think prices will come down a bit but not bottom out. Some will sell for liquidity concerns, but many will not be too impacted by the crisis and will feel little pressure to sell.

I don't recall. I never felt like when I was chasing cards in 87 they got any cheaper heading into 88. Maybe they did and I just don't recall because my thirst for cards never waned.


My buddy Gregg just sold his signed 83 Inoki for $2,100 direct today. I know the buyer and his job is safe. The real issue is job security. Those that have it are going to be more willing to keep spending and those that don't won't. I had my best commission month in 25 months in March and my production was the highest in the first three months of the year in my 16 year career. With asset values down the next three months will be much lower but we shall see how things play out. That said a lot of people who are impacted in the service industry for example were never in a position to buy cards or make an impact in the hobby.

The length of the shutdown is what everything hinges on. Time will tell.

The big money cards are generally bought by people who have deep enough pockets where there will be no issue what so ever. I do think the very low end could be impacted if this lasts much longer as their discretionary income is quite vulnerable.

Longer term when the economy recovers the addiction known as collecting trading cards will be as strong as ever.

[japhi]

No idea what will happen with cards but the next 4 weeks are going to be brutal. We are really only 3 weeks into layoffs and 6mm people have hit the dole, mostly front line workers. Next shoe to drop is workers who service these industries, including a significant amount of high paying jobs. Basically millions of layoffs each week for the next 6-12 weeks.

I also don’t see a quick turn around. A lot of these jobs aren’t coming back, corporations are going to have to right size. I suspect we see short term UE in the 20% range, mid term around 10% and it will take years to get back to full employment.

I am also betting that spending habits change. A lot of people are about to learn how risky it is to live cheque to cheque. Consumerism was out of control the past decade. Here in Canada we are bailing out travellers that don’t have the funds to extend their stays overseas for an extra few weeks due to flight changes. Who goes away on a vacation with no extra money in the bank? Apparently lots of people think it’s reasonable to spend your last dollars on a trip to Mexico - these people are going to get wiped out.

[irv]

Originally Posted by japhi

No idea what will happen with cards but the next 4 weeks are going to be brutal. We are really only 3 weeks into layoffs and 6mm people have hit the dole, mostly front line workers. Next shoe to drop is workers who service these industries, including a significant amount of high paying jobs. Basically millions of layoffs each week for the next 6-12 weeks.

I also don’t see a quick turn around. A lot of these jobs aren’t coming back, corporations are going to have to right size. I suspect we see short term UE in the 20% range, mid term around 10% and it will take years to get back to full employment.

I am also betting that spending habits change. A lot of people are about to learn how risky it is to live cheque to cheque. Consumerism was out of control the past decade. Here in Canada we are bailing out travellers that don’t have the funds to extend their stays overseas for an extra few weeks due to flight changes. Who goes away on a vacation with no extra money in the bank? Apparently lots of people think it’s reasonable to spend your last dollars on a trip to Mexico - these people are going to get wiped out.

It's amazing how many people live pay cheque to pay cheque but have all the latest greatest stuff one could imagine.

Not a nickle to rub against the other one but guaranteed they are going to get the next best iphone, or whatever it is when it comes out.

Not sure why we continue to cater/help these people out when they are too stupid/ignorant to know that having some savings is a good idea.

[CharleyBrown]

Not all people that don't have savings spend it in such a way. There are countless others that have to live cheque to cheque without taking trips or buying the latest device. In fact, the number of people that spend it irresponsibly are few and far between. How does government distinguish between those that are trying to make an honest living in a system that is designed to exploit them vs those taking advantage? They can't; so the moral thing to do is to help all and recognize some will cheat.

In fact, the misdeeds of the most wealthy and corporations costs governments far more than the average poor person needing government assistance.

If you're up for a good, non-partisan read during this period of quarantine, I suggest the book Tribe: On Homecoming and Belonging by Sebastian Junger.

Originally Posted by irv

It's amazing how many people live pay cheque to pay cheque but have all the latest greatest stuff one could imagine.

Not a nickle to rub against the other one but guaranteed they are going to get the next best iphone, or whatever it is when it comes out.

Not sure why we continue to cater/help these people out when they are too stupid/ignorant to know that having some savings is a good idea.