Bear market, global disruption ramping up

[Hankphenom]

Originally Posted by Snapolit1

Yeah, prices will be coming down pretty quickly on cards.

How much did they go down during and after the '08 meltdown?

[sportscardpete]

Ask the people that panicked and sold in 08/09!

Answer: if you can stick out the volatility you will be okay. People that are forced sellers are the ones that always suffer.

[Santo10Fan]

Originally Posted by sportscardpete

Ask the people that panicked and sold in 08/09!

Answer: if you can stick out the volatility you will be okay. People that are forced sellers are the ones that always suffer.

I agree. Panic/desperation sellers need money, and we need cards. It's unfortunate that some may have to sell their prized cards at prices that hurt them. But as long as there are buyers around for them, the system will hold.

[Brian Van Horn]

This should be an interesting thread to read in a few weeks.

[sportscardpete]

Brian would love to hear your thoughts.

[Fred]

Stock up on paper towels and toilet paper. Should be interesting how many T206 cards someone will pay for a roll...

[Tyruscobb]

Originally Posted by Fred

Stock up on paper towels and toilet paper. Should be interesting how many T206 cards someone will pay for a roll...

Yeah, baseball cards don’t make good toilet paper, especially small T-206s.

[bbcard1]

It will be interesting where show prices are in April/May. You can always see pricing changes start at the floor level of big shows before they show up on line or in guides...or at least that's how it has been. There is a really funky concoction going on our there. Gary Vee is hyping cards as an investment, production seems to be up, there seem to be willing buyers. but the stock market is falling and COVID-19 will at least have a short-term effect. Add in that there is some labor unrest. Pretty much anything can happen.

[Hankphenom]

Originally Posted by bbcard1

Pretty much anything can happen.

And therein lies the source of the panic. This one is different in that the cause is outside the economic and financial realm, so the history of downturns wouldn't seem to be any kind of guide, other than 9/11 perhaps, but that was a discrete and presumably one-time event. Other than massive debt everywhere you turn (and which nobody seems to care about anymore), the economy was purring along, so will it return to that state in a few months when the virus is no longer a factor, or will the various shocks and dislocations in the interim (hello, massive debts) have changed the environment so much that it has become an economic and financial problem with the virus merely the catalyst?