CNN card story

[Exhibitman]

Originally Posted by Johnny630

This is a disturbing bad trend, people starting to get irrational. Believing all the hype, I hope this settles down back to reality.

Irrational exuberance. Where have we seen that before? People buying cards that they have no business buying, frothy popular press stories on the gold rush aspects of cards, lines out the door at card stores. Sounds like the last expansion wave of a bubble.

[Johnny630]

Originally Posted by Exhibitman

Irrational exuberance. Where have we seen that before? People buying cards that they have no business buying, frothy popular press stories on the gold rush aspects of cards, lines out the door at card stores. Sounds like the last expansion wave of a bubble.

A lot of bad patterns are setting up.....Certain things are going to remain safe just like certain things are very dangerous. People can be their own worst enemy.

When everyone is buying it’s a good time take a breather and back off. If you miss it you miss it. If it fundamentally doesn’t make sense to me I can’t buy into it. Going up sure that’s natural, not at these levels and not in this grand scale. It’s not that easy everything doesn’t always continue to go up, some people are believing it does those are the ones that may get hurt doing ridiculous stuff.

[Exhibitman]

There are some cards that I think are just fundamentally worth having for the long term. I don't see them worth enough yet to justify selling right now and taking the tax hit when I think they will be worth good money when I retire and start selling to supplement my income. Some cards are from my childhood collection. I have no interest in selling those ever; pry them from my cold, dead fingers or just toss them in the casket with me. But the rest? I don't see much choice when I can do 500%-1000% in a few years of holding or less. It is a conundrum for a collector. Better than the opposite problem for sure...