Will this stock market madness affect cards?

[sportscardpete]

I think baseball cards are just like any other collectible - you have rare items that will always have a bid and you have some "momentum" type cards that will lose a lot of money when the buying pool is trimmed. People that have big money into cards (for the most part) are usually not affected by wild market swings. The real issue will be the over-leveraged collections that need liquidity.

I also think we've been a bit lucky in terms of not seeing that many drawdowns over the years. They happen. You save some cash, deploy what you can, and the collection should grow over time. If you're using discretionary spending wisely any discount in cards should be well received.

[Nunzio11]

What market volatility? As of Jan 12th the PWCC 100 Index is up 290% since Jan 2008.

[Johnny630]

Who are the ones actually buying these cards at record numbers?

I’m not buying it, neither the cards or the whole premise, are you?

[Republicaninmass]

Who is selling stocks at record lows? Just doesnt make sense

[Shoeless Moe]

You need to watch the King of Queens episode where they buy the stock. The 1st day it goes up. They are excited. Next day goes down a little. Next day, down a little more. So they then panic and think we are going to lose it all, so they think better to sell now and get something. They sell, then it goes up. They buy back in.

Moral of the story is just let it sit there. But there are people out there who panic, or people close to retirement counting on it, but if you got 10-20-30 years til retirement, ignore it.

Hey I've stopped drinking Corona beer, I don't want to catch that virus.

[Hankphenom]

Originally Posted by Republicaninmass

Who is selling stocks at record lows? Just doesnt make sense

Wha? Eleven years ago the Dow was at 8,500, now it's 24,000.

[Brian Van Horn]

Originally Posted by Hankphenom

Wha? Eleven years ago the Dow was at 8,500, now it's 24,000.

No worries. At the rate it's dropping it will be back to 8500 by a week from Thursday, Friday tops. Gas will also be cheap.

[Exhibitman]

Originally Posted by Brian Van Horn

No worries. At the rate it's dropping it will be back to 8500 by a week from Thursday, Friday tops. Gas will also be cheap.

Not that we can go anywhere due to the plague...

They better get this crap sorted out by July. I have tickets for Green Day at Dodgers Stadium and I need my fix.