Will this stock market madness affect cards?

[Snapolit1]

The Chicago experience is extraordinarily convenient for many many people. Obviously. And if someone says I'm not going because it's inconvenient for me, that's a subjective call. But when people start posting things like "there are no good restaurants" or you can't leave your hotel its so dangerous . . . well, they obviously have no clue. (As far as the food goes, you will not find any of that horrible Chicago deep dish pizza crap, if that's what you are looking for.)

[Bicem]

Agreed, food in AC is fine, and it's as safe as any other place more or less, for me it's really about no major airport, should be a prerequisite for hosting a National.

[Shoeless Moe]

Coronavirus - 4,300 dead

WWII - 75 million dead

The World seemed to recover fine from that.

Take advantage of the over-reactors. Now is the time.

[JollyElm]

I'm buying up all the Gregg Jefferies rookie cards I can find. Soon, I will be in the money!!!!!!!

[Santo10Fan]

Originally Posted by JollyElm

I'm buying up all the Gregg Jefferies rookie cards I can find. Soon, I will be in the money!!!!!!!

Hoping those 175 Rashaan Salaam rookies I bought off my uncle will spike soon

[Exhibitman]

Originally Posted by Santo10Fan

Hoping those 175 Rashaan Salaam rookies I bought off my uncle will spike soon

Still have my box of Steve Balboni, Kevin Maas, and Joe Charboneau...the stuff dreams are made of.

[Leon]

I am thinking my cards are a bit better than my stocks at this point. The stock market is a freaking yo-yo.

[darwinbulldog]

Originally Posted by Shoeless Moe

Coronavirus - 4,300 dead

WWII - 75 million dead

The World seemed to recover fine from that.

Take advantage of the over-reactors. Now is the time.

There was also a time in the late 30s when WWII had a death toll of 4,300. If you don't recognize that the toll from the virus is likely to be in the millions before the end of the year then you maybe haven't run the numbers. It appears to be lethal in at least 1% of cases and is likely to infect over 1 billion people.

More to the point, people as a species recover from anything shy of extinction, but my understanding is that WWII actually was bad, recovery notwithstanding.

[Dpeck100]

Originally Posted by darwinbulldog

There was also a time in the late 30s when WWII had a death toll of 4,300. If you don't recognize that the toll from the virus is likely to be in the millions before the end of the year then you maybe haven't run the numbers. It appears to be lethal in at least 1% of cases and is likely to infect over 1 billion people.

More to the point, people as a species recover from anything shy of extinction, but my understanding is that WWII actually was bad, recovery notwithstanding.

I am not an expert on health but infecting nearly 15% of the global population seems pretty extreme. Ohio is trying to suggest that 100,000 people have it and those numbers are wildly inflated according to many medical experts so I am hopeful your estimates are too. By the way so far 13 have tested positive so that is a long way from 100,000.

[Dpeck100]

This doesn't exactly look like a give away.

https://www.ebay.com/itm/1955-Topps-...AAAOSwGg5eXaOd

This sale makes me sick because I remember when this card was just breaking a grand.

https://www.ebay.com/itm/11413708634...p2471758.m4704

A BGS 9.5 Jordan brings 21k

https://www.ebay.com/itm/1986-1987-F...gAAOSwKFNeG9oG

PSA 2 Mantle goes for over 20k

https://www.ebay.com/itm/1952-Topps-...MAAOSwz2VeXZu1

The hobby isn't slowing down. There are so many collectors that aren't worried about the stock market and it doesn't influence their purchase decisions. I have long argued that hard assets are very attractive to many because regardless of price you still own it.

The wrestling card niche that I am involved in saw explosive auction prices on the last batch of cards that were auctioned off this week. Shockingly high prices. They aren't multi thousand dollar cards but some up 400% or more from prior comps.

Not everyone gets killed when the market falls. I had my biggest trade ever last week and I am kicking myself for not making the same trade yesterday that would have been incredible today. If I want to go hard after a card I am in my best position ever financially and there will be no impact from this virus on my bidding.

Cash flow is king so the issue will be employment trends and in my view this is a multi month issue and the country will come roaring back.

Most of the best cards don't come available frequently and so it is doubtful they will be offered during this time and so even if prices were to dip they won't on the best stuff.

I posted a handful of higher profile cards and I don't see any issues with their prices.

[Goudey77]

David, I agree the good stuff will hold strong. It’s the modern basketball flippers I’m worried about. That Clemente and Mantle were good buys. Thought they’d go slightly higher but still within range.

[MULLINS5]

Originally Posted by Dpeck100

This doesn't exactly look like a give away.

https://www.ebay.com/itm/1955-Topps-...AAAOSwGg5eXaOd

This sale makes me sick because I remember when this card was just breaking a grand.

https://www.ebay.com/itm/11413708634...p2471758.m4704

A BGS 9.5 Jordan brings 21k

https://www.ebay.com/itm/1986-1987-F...gAAOSwKFNeG9oG

PSA 2 Mantle goes for over 20k

https://www.ebay.com/itm/1952-Topps-...MAAOSwz2VeXZu1

Two of the four of those are PWCC and their data cannot be trusted. The other two were a one bid and a BIN, which too are not very good examples.

[earlywynnfan]

Originally Posted by Shoeless Moe

Coronavirus - 4,300 dead

WWII - 75 million dead

The World seemed to recover fine from that.

Take advantage of the over-reactors. Now is the time.

Kudos, sir, for what has to be the most spectacularly asinine analogy of all time! I had to walk away and come back to see if I was reading it correctly.

So what you're saying is, as long as the coronavirus doesn't break that 75 million dead threshold, we're "over-reacting" and the world will be "fine"??

[Shoeless Moe]

Originally Posted by earlywynnfan

Kudos, sir, for what has to be the most spectacularly asinine analogy of all time! I had to walk away and come back to see if I was reading it correctly.

So what you're saying is, as long as the coronavirus doesn't break that 75 million dead threshold, we're "over-reacting" and the world will be "fine"??

YES OVER-reacting is an understatement. Saturday there were 58 dead, today 70.

https://www.worldometers.info/coronavirus/country/us/

12 deaths in 2 days???? Please you get that on a normal day. This is a virus, yah a little stronger obviously, but it will come and go.

How did we have 80,000 die in the US in 2018, and no one over-react then? Media didn't care, now they do.

https://www.statnews.com/2018/09/26/...deaths-winter/

Please read that article dated 2018 and explain to me how 80,000 died in 2018, in the US, and today Corona is at 70, and it's mass panic time, seems odd doesn't it?

Remember when the media had Hillary as a shoo in the White House. They can make you believe a lot, if they say it, it must be true right? I personally have no affiliation to either party so my speak isn't politically related like most are in the media. I can live with Trump or Biden. May the best man for the job win.

Viruses kill people each year.

70 dead since this broke in MID FEBRUARY.....and I think like 60% of these are from that one nursing home, who I'm sorry to say but once you are 80-90 there's a lot of stuff that can kill you.

PLAY BALL!!!!

[bobbyw8469]

How did we have 80,000 die in the US in 2018, and no one over-react then? Media didn't care, now they do.

Bingo. We have a winner!! And if you don't know why the media cares now, in an election year, then I can't help you.

[earlywynnfan]

My comment wasn't about if we are overreacting or not, nobody really knows. I question your analogy because:

1) Comparing the beginning of this, or any, world issue to the final result of the worst era in human history is weak, and

2) Anybody who would say something like this:
"WWII - 75 million dead

The World seemed to recover fine from that."

is some kind of F'in' Idiot!!

Originally Posted by Shoeless Moe

YES OVER-reacting is an understatement. Saturday there were 58 dead, today 70.

https://www.worldometers.info/coronavirus/country/us/

12 deaths in 2 days???? Please you get that on a normal day. This is a virus, yah a little stronger obviously, but it will come and go.

How did we have 80,000 die in the US in 2018, and no one over-react then? Media didn't care, now they do.

https://www.statnews.com/2018/09/26/...deaths-winter/

Please read that article dated 2018 and explain to me how 80,000 died in 2018, in the US, and today Corona is at 70, and it's mass panic time, seems odd doesn't it?

Remember when the media had Hillary as a shoo in the White House. They can make you believe a lot, if they say it, it must be true right? I personally have no affiliation to either party so my speak isn't politically related like most are in the media. I can live with Trump or Biden. May the best man for the job win.

Viruses kill people each year.

70 dead since this broke in MID FEBRUARY.....and I think like 60% of these are from that one nursing home, who I'm sorry to say but once you are 80-90 there's a lot of stuff that can kill you.

PLAY BALL!!!!

[Shoeless Moe]

Originally Posted by earlywynnfan

My comment wasn't about if we are overreacting or not, nobody really knows. I question your analogy because:

1) Comparing the beginning of this, or any, world issue to the final result of the worst era in human history is weak, and

2) Anybody who would say something like this:
"WWII - 75 million dead

The World seemed to recover fine from that."

is some kind of F'in' Idiot!!

I'll stand by it. Sorry if I'm not politically correct for you. I know if you say anything that isn't soft-served these past few years you get the stink eye. It was just a comparison to all these people crying the sky is falling, it isn't people.

The world has survived plagues, civil wars, WORLD WARS, terrorism, what have you. This will be in the rearview mirror before long. Don't get your panties in a bunch.