Does the stock market affect card prices?

[vintagetoppsguy]

Originally Posted by Mountaineer1999

Watching the stock market the last few weeks has been a bit frightening. Wondering if anyone has any thoughts on the price of cards during a downturn in the market. Do/would people quit collecting and maybe even start selling in a bear market?

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.

[AGuinness]

I think I remember seeing some sort of index for the top 20 modern football cards somewhere (sportscollectorsdaily.com, I believe). It would be interesting to see if there is any correlation between the stock market (or other market indexes/indicators) and the sports card markets. Anything done would need some sort of selection, whether it's the football card index or something else, but whatever the result, it would be very interesting.

Wish I had the math skills to figure it all out!

[pokerplyr80]

I wasn't really collecting then but I believe values in general went down during the last recession. I would expect the same during a major market correction. I would not expect card values to go up and down with temporary fluctuations in the stock market. If they do I will certainly be looking to add a few cards. I imagine there are people who collect and trade and would consider selling their collection of they lost too much in the market.

[JollyElm]

The market must be completely bullish right now, because Dean's Cards just keeps raising their prices even higher.

[Mountaineer1999]

Thanks for all the thoughts. Looks like today could be a rough market day too. With my own enthusiasm for spending on cards dwindling with each down market day/week I wondered how many like hobbyists felt the same way.

[RTK]

Originally Posted by AGuinness

I think I remember seeing some sort of index for the top 20 modern football cards somewhere (sportscollectorsdaily.com, I believe). It would be interesting to see if there is any correlation between the stock market (or other market indexes/indicators) and the sports card markets. Anything done would need some sort of selection, whether it's the football card index or something else, but whatever the result, it would be very interesting.

Wish I had the math skills to figure it all out!

... and the time to sort through the data. I think there are value bubbles for some cards and/or era of cards, for various reasons, and more or less steady inclines for others...just a hunch really.