Will this stock market madness affect cards?

[conor912]

Originally Posted by painthistorian

We should stop dealing with China as they are a threat to our security unless they change how they are to us and the world, we don't need them if we make crap here or in a friendly country......we should respect one another and maybe this was a true wake up call that will make all people appreciate how lucky we are....We need a strong America and a Compassionate America but not a stupid America...we need to build products, build infrastructure, we need everyone to buy baseball cards, a game WE INVENTED!

and most of all, we need gratitude & faith.

Good luck convincing Americans to pay $4k for an iPhone because it’s “made in the USA”.

[Dpeck100]

This is the most important card in the market.


https://www.ebay.com/itm/40215721526...p2471758.m4704


Cruising to new highs with time to go.


I will openly admit the stock and bond route has gone much deeper than I could have imagined but some how I continue to see very strong card prices.

As tough as it might seem to stay bullish I am reminded daily that there is tremendous demand for trading cards.

[ullmandds]

Sorry not sure if I’m believing that that price will result in a real sale?

[Dpeck100]

Originally Posted by ullmandds

Sorry not sure if I’m believing that that price will result in a real sale?

The card is selling strong in all grades.

eBay competed auctions are remaining very strong across all genres.

I get it everyone is waiting for the shoe to drop but so far after a historic route in stock and bond prices it hasn’t happened.

[Shoeless Moe]

but if this decline continues.......get it on ice

[Republicaninmass]

People still watching PWCC auctions? What a freaking farce, from day 1 until today.

[Exhibitman]

Originally Posted by Republicaninmass

People still watching PWCC auctions? What a freaking farce, from day 1 until today.

well at least with PSA shut down they won't have a stream of altered, er, conserved, cards to sell.

[Tyruscobb]

Originally Posted by Dpeck100

The card is selling strong in all grades.

eBay competed auctions are remaining very strong across all genres.

I get it everyone is waiting for the shoe to drop but so far after a historic route in stock and bond prices it hasn’t happened.

We are only in the first inning. The virus and layoffs are only getting started. Unfortunately, they are no where near peaking. Some economists and health officials estimate that will not occur until July. You can tout short-term auction prices and result all you want.

I’m not worried about an auction result currently going on right now. Let’s see what happens down the road. Revisit this issue in 6 months. Just like those 4 senators that were telling Americans everything would be fine a few weeks ago, while they liquidated their portfolios.

[ullmandds]

Originally Posted by Tyruscobb

We are only in the first inning. The virus and layoffs are only getting started. Unfortunately, they are no where near peaking. Some economists and health officials estimate that will not occur until July. You can tout short-term auction prices and result all you want.

I’m not worried about an auction result currently going on right now. Let’s see what happens down the road. Revisit this issue in 6 months. Just like those 4 senators that were telling Americans everything would be fine a few weeks ago, while they liquidated their portfolios.

I totally agree with this sentiment and this is not even taking into account the likelihood that this card has been altered!!!
Seems like it’s already a non-issue?

[japhi]

Originally Posted by Tyruscobb

We are only in the first inning. The virus and layoffs are only getting started. Unfortunately, they are no where near peaking. Some economists and health officials estimate that will not occur until July. You can tout short-term auction prices and result all you want.

I’m not worried about an auction result currently going on right now. Let’s see what happens down the road. Revisit this issue in 6 months. Just like those 4 senators that were telling Americans everything would be fine a few weeks ago, while they liquidated their portfolios.

Exactly, this thing is only getting started.

I don’t think people fully realize how integrated commerce is. We are going to hit depression era employment levels. GDP levels we haven’t seen in 20 years. RE market is going to get crushed and I bet a significant portion of the hobby is debt financed.

The best and most desirable cards will be fine but they represent a very small portion of the overall hobby. My guess is overall transaction volume has dropped substantially and will continue to drop. April is when millions of Americans won’t be receiving any income, for now most folks layed off are getting their two weeks.

[Johnny630]

Originally Posted by japhi

Exactly, this thing is only getting started.

I don’t think people fully realize how integrated commerce is. We are going to hit depression era employment levels. GDP levels we haven’t seen in 20 years. RE market is going to get crushed and I bet a significant portion of the hobby is debt financed.

The best and most desirable cards will be fine but they represent a very small portion of the overall hobby. My guess is overall transaction volume has dropped substantially and will continue to drop. April is when millions of Americans won’t be receiving any income, for now most folks layed off are getting their two weeks.

Matt I agree with most of what you said, spot on. However, I do not see depression era employment levels coming.......

[Dpeck100]

Originally Posted by Tyruscobb

We are only in the first inning. The virus and layoffs are only getting started. Unfortunately, they are no where near peaking. Some economists and health officials estimate that will not occur until July. You can tout short-term auction prices and result all you want.

I’m not worried about an auction result currently going on right now. Let’s see what happens down the road. Revisit this issue in 6 months. Just like those 4 senators that were telling Americans everything would be fine a few weeks ago, while they liquidated their portfolios.

As fast and viscous as the move lower in stock and bond prices have been I would imagine most that expect a significant correction in card prices would think that is what we would be seeing right now.

PWCC has 8,795 active listings and there is still a ton of money being spent on cards.

I get it most on here despise them but in order to see what is actually taking place with cards you have no choice but to watch their auctions. Whether anyone likes it or not they are still getting the lion share of the best cards on EBAY and I maintain the opinion they are more like a stock exchange than a dealer and I like to follow prices.

There is a wide range of outcomes that can come from this disaster. Business in this country can't stay closed for long as some are estimating without destroying the economy and I believe this will force us to get back to work faster. So far while this has hit all 50 states it is clearly a bigger issue in just a few and so hopefully regionally we see a faster acceleration of normalcy.

Time will tell how this plays out.

In terms of your last comment. Part of the story is fake news. The woman from GA is innocent and just as I proved on this board Joe Orlando was with his stock option exercise program some will believe it regardless because they simply want too.

[japhi]

Originally Posted by Dpeck100

As fast and viscous as the move lower in stock and bond prices have been I would imagine most that expect a significant correction in card prices would think that is what we would be seeing right now.

PWCC has 8,795 active listings and there is still a ton of money being spent on cards.

I get it most on here despise them but in order to see what is actually taking place with cards you have no choice but to watch their auctions. Whether anyone likes it or not they are still getting the lion share of the best cards on EBAY and I maintain the opinion they are more like a stock exchange than a dealer and I like to follow prices.

There is a wide range of outcomes that can come from this disaster. Business in this country can't stay closed for long as some are estimating without destroying the economy and I believe this will force us to get back to work faster. So far while this has hit all 50 states it is clearly a bigger issue in just a few and so hopefully regionally we see a faster acceleration of normalcy.

Time will tell how this plays out.

In terms of your last comment. Part of the story is fake news. The woman from GA is innocent and just as I proved on this board Joe Orlando was with his stock option exercise program some will believe it regardless because they simply want too.

Regarding PWCC sales, the proper way to track market direction is not number if items, or high profile item sale price. The way to see where we are headed would be YOY volume by auction. So what is total transaction volume March 2019 vs 2020. And considering we are really only two weeks into this, and the auction that just closed was 90 days in the works, I don’t think it is a good data point, or any data point since we don’t know YOY. In fact, as this thing expands I expect PWCC listings to increase as supply outstrips demand.

I am going to assume that cards will trend in the same direction all consumer spending is trending...way the fook down. I have a very hard time believing that equities, PM’s, discretionary purchases like cars and RV’s, soon RE , will all trend down, significantly, and card prices will hold. It would defy logic for that to happen.

I do expect shilling and all the shenanigans we are used to, to increase as the pinheads in the hobby try and keep the illusion of strong prices alive. But there is no way trillions evaporates from GDP and a fringe investment like sportscards doesn’t take a beating. First week in April is when SHTF and ten million people hit EI.

Again, hope I am wrong, my family is heavily impacted ( but fortunately work for a great company and will be ok).