Bursting Bubble

[irv]

Originally Posted by Cmvorce

Say you are of the mindset that we are in a bubble that is about to burst relatively soon - say this summer. How long do you think it takes for values to balance out? Are we talking a massive decrease almost over night? Over the course of several months? A few years? What do you all think?

This question about the bubble bursting and if I should sell or hold, etc, has been asked numerous times but truth be told, no one knows.

Like I said before there might be some in a year or 2 saying, damn, why did I sell so soon, and then there might be some saying, damn, why didn't I sell back then.

No one has a crystal ball, only opinions, so make your decision your decision if you think you can live with it?

[Stampsfan]

I ask myself the same question when I own a stock that's had a nice run up.

Truth is, you cannot time the market. My recollection of the last run up a few years ago was you started seeing auction results fall on 8's and 9's of 1955 Koufax and Clemente, for example. I think if and when it does happen, you notice it more on higher valued items where auction results can be easily tracked.

[dio]

Every few days there's another bubble post. If you really afraid it's going to pop. Just sell everything and don't look back

[brianp-beme]

Sell those late 80's cards now folks while you can...the price drop when the bubble bursts will be sharp and long lasting.

Brian (Here's a mostly ignored fact. Topps stopped including bubble gum in their packs starting with their 1991 issue).

[Johnny630]

This is just th start....hold on

[sportscardpete]

People have been clamoring on this board since March that we were in a bubble. No one can predict!!

[Frank A]

What a lot of bologna. no one knows what's going to happen. personally I see more room for improvement, especially in pre war. With all the new stuff going nuts, it will raise pre war to a new level. Why is everyone constantly in panic. Only the picnickers can cause a crash.

[Snapolit1]

Originally Posted by sportscardpete

People have been clamoring on this board since March that we were in a bubble. No one can predict!!

People have been clamoring since the day I joined the board that we are in a dangerous bubble.

[Jersey City Giants]

Originally Posted by sportscardpete

People have been clamoring on this board since March that we were in a bubble. No one can predict!!

March 2019

[mechanicalman]

Originally Posted by Johnny630

This is just th start....hold on

Originally Posted by Johnny630

I’m 100% serious, take this profit now ��

LOL - in case anyone thought it was good to take advice from random dudes on baseball card chatboards.

[joshuanip]

Originally Posted by mechanicalman

LOL - in case anyone thought it was good to take advice from random dudes on baseball card chatboards.

I love it, there’s no accountability. Just honest thoughts!

Personally, I say use this time to position your collection like you would position your portfolio. Don’t sell your marquee cards - we can’t time the market and may run and never come back, but the other stuff that rounds out your collection, unless ultra rare, will still be around. Use this liquidity to focus, build a war chest, and be opportunistic once supply returns...

[JohnnyKilroy]

Originally Posted by dio

Every few days there's another bubble post. If you really afraid it's going to pop. Just sell everything and don't look back

That’s usually an indicator. Same with news articles being posted about the card industry booming (which we’re starting to see more of). Obviously, like already stated, there’s no way to predict. Keep in mind, the more people that enter a market, the quicker it crashes when the time comes. However, there still could be tons of room to go as others have also stated. Which is why you see lots of back and forth.

If the bubble questions are starting to be asked.. it typically means that those asking are considering selling.. remember J.P. Morgan was famous for saying he made a fortune getting out too soon.