Holds true for stocks and cards

[Johnny630]

Originally Posted by johnlenhardt

Any thoughts on when the 10's of thousands of backlogged PSA cards are finally graded and how that will impact the market?

A lot is modern Junk Era Late 80’s early 90’s Garbage

[troutbum97]

Don’t forget the 201x Limited Pop 1/100 Refractor Foil Signature Patch Garbage.

Originally Posted by Johnny630

A lot is modern Junk Era Late 80’s early 90’s Garbage

[sreader3]

Hi Steve,

I just said my piece in a Net54 post but I guess I was a few hours too late.

I think we are going higher in nominal terms but not necessarily in real terms over the next 24 months.

Who the hell knows?

Scot

[A2000]

I'm selling all stocks and cards and hoarding gasoline

[timzcardz]

Originally Posted by A2000

I'm selling all stocks and cards and hoarding gasoline

And are you liquidating your stockpile of toilet paper to fund your gasoline acquisition?


Personally, I have a delivery of Scotch and Bourbon scheduled for today to get me through the tough times!

What better time to drink than if you can't afford to drive?

[tschock]

Originally Posted by timzcardz

And are you liquidating your stockpile of toilet paper to fund your gasoline acquisition?


Personally, I have a delivery of Scotch and Bourbon scheduled for today to get me through the tough times!

What better time to drink than if you can't afford to drive?

To paraphrase Freewheelin' Franklin... Scotch will get you through times of no more better than money will get you through times of no Scotch.

[Exhibitman]

"We are all interested in the future, for that is where you and I are going to spend the rest of our lives. And remember my friend, future events such as these will affect you in the future."



Historically speaking, price pull-backs have not been 100% of the gains and have presented good buying opportunities. I have banked all the profits from selling into this bubble and will use the same to purchase inventory once the fear locks in and the true distress sales start. Figure about 6-12 months after the bubble first pops.

As for when and how it will pop, as major events reopen we will see money shift back to other forms of fun. That will slow the roll. Watch the sell-through rates on auctions. They are still unprecedentedly high. When the passed lots fall back to typical rates it will crush the speculators and wring out the excess.

The puppy in a python effect of the grading backlog will definitely slam modern and common postwar. It is already happening with some issues I track. I really like a few of the Star Michael Jordan issues, as a collector. They have peaked and are now retreating. I checked the other day on one issue, the Gatorade, and was shocked to see how many graded cards are available for sale at prices that would have been instant sales a few months ago.

The fact that we have multiple threads going on this is a good indicator that The Fear is setting in.

The mind of The Hobby is seized by a fatal dry rot - and it's only a question of time before all that the mind controls will run amuck in a frenzy of stupid, impotent fear.--with apologies to Hunter S. Thompson