Why has market gone crazy? And outlook?

[molenick]

Okay, I hear that. The value of my house went up as well, but that didn't affect my spending. I guess in theory I could have taken out a home equity loan to buy cards or bought cards using my credit card. I didn't, but maybe others did. I am trying very hard to stay away from politics and economic theory because I am not interested in discussing the former on the board and don't know anything about the latter.

So I guess I am left with: I don't know why it happened and don't know what will happen next. But I still love collecting! I just have to collect differently than I used to.

[Tabe]

Originally Posted by molenick

Okay, I hear that. The value of my house went up as well, but that didn't affect my spending. I guess in theory I could have taken out a home equity loan to buy cards or bought cards using my credit card. I didn't, but maybe others did.

That's not what happened. Basically, a lot of big money investors saw the card market as an opportunity to manipulate things and cash in. This led to other big money investors coming in. HELOCs aren't driving the purchase of Jordan rookies - fake purchases at $800k (or whatever those two were) are. And so on.

[molenick]

Originally Posted by molenick

I am trying very hard to stay away from politics and economic theory because I am not interested in discussing the former on the board and don't know anything about the latter.

So I guess I am left with: I don't know why it happened and don't know what will happen next.

I stand by these very strong opinions!

[Johnny630]

All I know is I don't wanna bet against non oddball examples of
RUTH
COBB
JACKIE
MICKEY AND WILLIE
in the long run especially higher end these are NOT GOING DOWN. Stick with these 5 names non oddball preferably higher grade and you're going to be very happy.

Prove to me the above statement is not true?????