Where is the market?...is a "crash" coming

[trambo]

Originally Posted by Peter_Spaeth

How many times can we keep doing this?

I'm thinking maybe like six more times.....

[Peter_Spaeth]

Originally Posted by trambo

I'm thinking maybe like six more times.....

Maybe we could have a permanent thread.

[Snapolit1]

It's pretty remarkable how if you watch one TV network for any period of time you walk away firmly convinced that (a) we have never had more violent crime in the history of the country and (b) the economy has never been worse in our lifetimes.

[BobbyStrawberry]

Originally Posted by Snapolit1

It's pretty remarkable how if you watch one TV network for any period of time you walk away firmly convinced that (a) we have never had more violent crime in the history of the country and (b) the economy has never been worse in our lifetimes.

Hmm....which TV network could that be?

[Mark17]

Originally Posted by BobbyStrawberry

Hmm....which TV network could that be?

It changes every 4 years based on whom the networks want to blame. The networks that paint a rosy picture now will flip to negative, and vice-versa.

[BobbyStrawberry]

Originally Posted by Mark17

It changes every 4 years based on whom the networks want to blame. The networks that paint a rosy picture now will flip to negative, and vice-versa.

On this we agree

[Leon]

Originally Posted by Peter_Spaeth

Maybe we could have a permanent thread.

And it can be stickied to the top of each section!!
.

and a card...

[parkplace33]

I don't predict a crash, but it was very telling that several REA lots did not meet their respective reserves last night.

[toledo_mudhen]

How does that Fester Card only grade a 6??????

WTF

[butchie_t]

Originally Posted by toledo_mudhen

How does that Fester Card only grade a 6??????

WTF

It's obvious, ... no light bulb.

[Fred]

Supply and demand, right? Economic conditions play a role, but the bottom line is the demand. As long as there are people (collectors or investors) that are willing to pay high prices for cards, then there will be strength in pricing (demand).

What hurts the pricing is when people get greedy and try to manipulate the market and create the illusion of a "hot" market with hype or other means.

At some point in time the investor side will get burned because they're buying with the idea the card "market" will continue to rise and they'll find out the hard way that the pricing will not continue to grow infinitely when they don't have a chair to sit in when the music stops.

As long has you have two people willing to bid up prices, there will appear to be strong demand.

To the investors out there: Keep the hype machine going but make sure you have your chair when the music suddenly stops because if you don't have a chair, then welcome to the collecting community (unless of course you want to take a financial loss and dump your cardboard because you really never cared for it in the first place).

[BobbyStrawberry]

Originally Posted by Fred

Supply and demand, right? Economic conditions play a role, but the bottom line is the demand. As long as there are people (collectors or investors) that are willing to pay high prices for cards, then there will be strength in pricing (demand).

What hurts the pricing is when people get greedy and try to manipulate the market and create the illusion of a "hot" market with hype or other means.

At some point in time the investor side will get burned because they're buying with the idea the card "market" will continue to rise and they'll find out the hard way that the pricing will not continue to grow infinitely when they don't have a chair to sit in when the music stops.

As long has you have two people willing to bid up prices, there will appear to be strong demand.

To the investors out there: Keep the hype machine going but make sure you have your chair when the music suddenly stops because if you don't have a chair, then welcome to the collecting community (unless of course you want to take a financial loss and dump your cardboard because you really never cared for it in the first place).

Well said. I have to admit that I'm skeptical of all claims that "the good stuff (whatever that means) will never go down in value". Every collector has to know that these little pieces of cardboard have essentially zero intrinsic value, right?