Will this stock market madness affect cards?

[Tyruscobb]

Originally Posted by Dpeck100

I get constant emails asking me to sell cards but the reality is I have no interest. This means higher prices not lower prices. When you control such a large amount of the available inventory it means even higher prices.

The people shouting for lower prices don't own the cards. It is that simple.

Simple economics control card prices. Supply and demand set the market price. We’ve had a bull market for over a decade. This prosperity time has increased 401k values and disposable income. Investors and collectors have used this disposable income to purchase cards. This strong demand for cards has increased prices.

If we are entering a recession, 401k values will fall. Moreover, some people will lose their jobs. Those that do not have jobs will not have disposable income to spend on cards. Those that do not lose their jobs will save for a rainy day in case they lose their jobs. They will choose not to spend their disposable income on cards.

The demand will significantly decrease. When this occurs, the prices will fall. Those that have large inventories (supply) have two options. One: they can stop selling and try to ride out the storm. However, who knows how long the recession could last. It could take years for a recession to play out and then years for the prices to return to pre-recession levels. Two: they can sell into the weak demand at lower prices.

Basic economic laws disagree with your premise that higher prices will prevail. Good luck.

[Dpeck100]

Originally Posted by Tyruscobb

Simple economics control card prices. Supply and demand set the market price. We’ve had a bull market for over a decade. This prosperity time has increased 401k values and disposable income. Investors and collectors have used this disposable income to purchase cards. This strong demand for cards has increased prices.

If we are entering a recession, 401k values will fall. Moreover, some people will lose their jobs. Those that do not have jobs will not have disposable income to spend on cards. Those that do not lose their jobs will save for a rainy day in case they lose their jobs. They will choose not to spend their disposable income on cards.

The demand will significantly decrease. When this occurs, the prices will fall. Those that have large inventories (supply) have two options. One: they can stop selling and try to ride out the storm. However, who knows how long the recession could last. It could take years for a recession to play out and then years for the prices to return to pre-recession levels. Two: they can sell into the weak demand at lower prices.

Basic economic laws disagree with your premise that higher prices will prevail. Good luck.

If one thinks this destroys the economy and it takes us years to get back on track then in that scenario it certainly could hurt card values.

So much of card values depends on who is buying and who owns the cards. Using only macro trends to predict these micro trends are impossible.

I have only been active online since 2010 and there has been no shortage of reasons as to why the card market was going to get hit. It has somehow prevailed and third party graders are backed up as far as the eye can see.

I am in finance and I am seeing first hand the damage that is being done to asset prices in real time. Then I flip over to EBAY and look at the nearly 8,000 auctions that PWCC has running right now and I can't see a similar scenario in real time.

What got me more interested in cards and diverting a large percentage of my disposable income in late 2009 and in subsequent years was how quickly I watched money evaporate trading options then. I liked the concept that even if I was wrong it wasn't going to zero.

There are many of us who have been working on our collections for a long time and quite frankly during environments like this it makes me happy I own it even more.

[Fuddjcal]

Originally Posted by Dpeck100

If one thinks this destroys the economy and it takes us years to get back on track then in that scenario it certainly could hurt card values.

So much of card values depends on who is buying and who owns the cards. Using only macro trends to predict these micro trends are impossible.

I have only been active online since 2010 and there has been no shortage of reasons as to why the card market was going to get hit. It has somehow prevailed and third party graders are backed up as far as the eye can see.

I am in finance and I am seeing first hand the damage that is being done to asset prices in real time. Then I flip over to EBAY and look at the nearly 8,000 auctions that PWCC has running right now and I can't see a similar scenario in real time.

What got me more interested in cards and diverting a large percentage of my disposable income in late 2009 and in subsequent years was how quickly I watched money evaporate trading options then. I liked the concept that even if I was wrong it wasn't going to zero.

There are many of us who have been working on our collections for a long time and quite frankly during environments like this it makes me happy I own it even more.

There's something about being able to "Hold" something of value. Like Castle Walls of 100's as I like to say, 1 OZ Gold Coins, or even baseball cards. I don't really care if the price of gold is down or baseball cards are down because somehow, it feel better than owning stocks?

It's an old school way of living that I learned from mentors that came before me and that I respect. If I had their money, I'd burn mine and it worked for them. Of course I have stocks, mutual funds and alike and just dollar cost average for the tax benefits and the fun of it and have done so for many years. I feel that I am diversified and hold many different assets.

Some like the cars go down in value but I didn't buy them for that. I like to look at them in the garage and be able to relive 1976 & VROOM around when ever I want.\ I have the same car I drove in High School, only a Resto-mod with 600HP. and It makes me feel like a kid again, kinda like when I look at Baseball cards. The wife is pissed because she has to park her cars out front, but what are you gonna do. Biggest mistake I ever made was buying a house with a 2-car garage.

Baseball cards are supposed to be fun. The scammers that have ruined it for me including PSA who are going to get "McMillion$$ed" in due time. Then, it will be fun for me again. Good luck and good health to everyone.