Does The Stock Market Influence Your Vintage Purchases?

[Lorewalker]

From an article posted today, Elon Musk recommends buying physical things in this environment. https://finance.yahoo.com/news/elon-...180112580.html

As I posted earlier in this thread, the market was never more in peril (in recent times) than in March 2020 when the whole world shut down. DJIA dropped to 19K and took the rest of the year to come back. Things might not look great short term but look at what cards and other tangibles did when the DJIA took a massive hit. The DJIA is no where close to 19K however that is far from the only measure of a strong or weak economy.

And sure it does not feel good when the stock market is down, even if you have no money in it, because enough people do who start spending differently, but this too shall pass. If you are long cards and long the stock market you are gonna be just fine.

[Exhibitman]

Long the right cards. I wouldn't be holding those 2019 Prizms.

[parkplace33]

Talked to a longtime collector this morning. With the bear market we are in, he is worrying less and less about buying cards and more about putting money in investments.

I am interested to see if the stock market decreases reflect in the card community, especially this summer. Might be some deals out there.

[rjackson44]

Originally Posted by parkplace33

Talked to a longtime collector this morning. With the bear market we are in, he is worrying less and less about buying cards and more about putting money in investments.

I am interested to see if the stock market decreases reflect in the card community, especially this summer. Might be some deals out there.

hi dont tell that to the folks going to the national lol

[Johnny630]

I Remember over the Past few Years Many Had Sellers Remorse. Now from what I’m seeing more and more having Buyers Remorse, especially on those modern Jordans, Henderson Rookies, and Jeter Sp's. A lot of modern is tied to Crypto and you know where that is....fallen angel.

Although IMO way over inflated in AH's over the past two years, the growth so quickly at such levels just did not make sense, Centered High End Graded Quality, Ruth, Cobb, Jackie, Mantle, and Mays always seem to hold.
Collectors never want to sell these that's why the go down the least in bad times and rise the most in good times.

[Yoda]

I feel that, with the rise in interest rates, many speculators who have used their bank LOC's and overdrafts to buy high value cards may be over leveraged and are starting to feel pain.

[Aaron Seefeldt]

In the last 2 weeks I have received strong offers on 2 of my most valuable cards. I did not sell, I can't (or won't be able to afford to) replace them.

I did not even list them for sale.

The new stuff is getting spanked. When I was a kid and I'd open a pack of '80 Topps I'd be thrilled to get a George Brett, Rod Carew, or Nolan Ryan because, get this... they'd be worth a whole 50 cents! Maybe Nolan was a buck. Now new cards sell for 6 or 7 figures, reminds me of the dot com stocks some 20 years ago. BE CAREFUL

[Exhibitman]

Originally Posted by Aaron Seefeldt

In the last 2 weeks I have received strong offers on 2 of my most valuable cards. I did not sell, I can't (or won't be able to afford to) replace them.

I did not even list them for sale.

The new stuff is getting spanked. When I was a kid and I'd open a pack of '80 Topps I'd be thrilled to get a George Brett, Rod Carew, or Nolan Ryan because, get this... they'd be worth a whole 50 cents! Maybe Nolan was a buck. Now new cards sell for 6 or 7 figures, reminds me of the dot com stocks some 20 years ago. BE CAREFUL

For a strong enough price I will not only sell any card I have, I will carry it to your car for you.