Will this stock market madness affect cards?

[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.