Does the stock market affect card prices?

[1952boyntoncollector]

Originally Posted by Volod

An old cartoon saved from a late 1980's magazine (Reagan-Bush era market crash):

funny cartoon..

basically the stock market losing billions of dollars cant be good for the hobby....can say if its bad or not..but no way going to convince me that its good...

especially if goes down another 20 percent...I just bought collectors universe (PSA company) on friday..i figure ill go down with the hobby literally if the market goes down more.

[Jdoggs]

I believe high end hall of fame rookies will retain their value and could still go up if the market goes down.
In the past high end hall of fame rookies retained their values when the stock market went down.

[MRSPORTSCARDCOLLECTOR]

I say none because how many times has the stock market gone down since 1980?
The good sports cards will always have value. I don`t see the stock market affecting Babe Ruth, or Michael Jordan rookie card market.

[1952boyntoncollector]

Originally Posted by BASEBALLCARDGURU

I say none because how many times has the stock market gone down since 1980?
The good sports cards will always have value. I don`t see the stock market affecting Babe Ruth, or Michael Jordan rookie card market.

right 'the good sportscards' we had this discussion before...how many exactly is that......there are going to be the cards on the fringe that some think are 'good sports cards' and but most others think they aren't that will get hammered since only 'the good sports' cards will always have value..

that's the key...its still not good for the hobby when only the 'good sports cards' have value since 99.9% of cards out there aren't 'good sports cards' including most of my collection

[ALR-bishop]

Thank goodness we finally have one on board, Welcome

[1952boyntoncollector]

stock market getting destroyed again..

I do think the big big cards will always have those rich people. high grade mantle/wager etc...but for the guys that make 100k-500k etc....good lucky getting them to pay 15k on a card if they are down 40% in the savings in the market etc. until the market rebounds.

[Johnny630]

1952byntoncollector I totally agree with you. Market recessions greatly effects the middle working class vintage collector. Along with investors highly tied to the oil industry during this decline in crude. To me slabbed vintage cards of big name stars, especially rookies, and rare scarce cards graded 7 and above (PSA/SGC) are commodities that will continue to rise. Their will always be a heavy hitter to grab them up at any cost. I however could foresee a downturn in mid level to lower graded cards. Idk great discussion either way :-)