Does The Stock Market Influence Your Vintage Purchases?

[Leon]

So at what point does our hobby market correct, if it does? Maybe another 20% drop in the stock market? I have seen my savings go down a good bit lately.... fortunately I have very little, relative to other resources, in the market.
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[Johnny630]

Originally Posted by Leon

So at what point does our hobby market correct, if it does? Maybe another 20% drop in the stock market? I have seen my savings go down a good bit lately.... fortunately I have very little, relative to other resources, in the market.
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Leon my take is this is we have two different markets in the vintage card industry

1. White Collar Big Ticket Items in REA, Memory Lane, Heritage ect. My belief is the bigger items in those auctions are controlled by white collar investors. Many of the cards I’ve noticed over the past two and a half years have played musical chairs from one house to the next in a relatively quick time frame 2-4 months.
To me these investors are less affected by inflation and a stock market downturn.

2. Blue Collar Middle and Lower Grade Private Collectors at In Person BST or direct eBay sales have corrected and will only go lower especially on the lower grade pieces. It’s my belief that the high inflation affecting the normal blue collar middle class guy is hindering their buying.

The Rick Get Richer, The Poor Get Poorer, And the Middle Class Pays May More and Buys Less and Less Discretionary items…

[Exhibitman]

Originally Posted by Johnny630

Leon my take is this is we have two different markets in the vintage card industry

1. White Collar Big Ticket Items in REA, Memory Lane, Heritage ect. My belief is the bigger items in those auctions are controlled by white collar investors. Many of the cards I’ve noticed over the past two and a half years have played musical chairs from one house to the next in a relatively quick time frame 2-4 months.
To me these investors are less affected by inflation and a stock market downturn.

2. Blue Collar Middle and Lower Grade Private Collectors at In Person BST or direct eBay sales have corrected and will only go lower especially on the lower grade pieces. It’s my belief that the high inflation affecting the normal blue collar middle class guy is hindering their buying.

The Rick Get Richer, The Poor Get Poorer, And the Middle Class Pays May More and Buys Less and Less Discretionary items…

Actually, I found that in the recession the cheap stuff remained a steady seller. People need to feed their cardboard habits.

[Yoda]

Whether you are a collector, investor, dealer or speculator, I think it is human nature difficult to accept a loss on a card and many will hold on, hoping for a rebound and refusing to lower their prices.
Also, I feel there will be far less trading of high value modern, now so popular at shows. Nobody wants to be the last holding the bag.

[Lorewalker]

From an article posted today, Elon Musk recommends buying physical things in this environment. https://finance.yahoo.com/news/elon-...180112580.html

As I posted earlier in this thread, the market was never more in peril (in recent times) than in March 2020 when the whole world shut down. DJIA dropped to 19K and took the rest of the year to come back. Things might not look great short term but look at what cards and other tangibles did when the DJIA took a massive hit. The DJIA is no where close to 19K however that is far from the only measure of a strong or weak economy.

And sure it does not feel good when the stock market is down, even if you have no money in it, because enough people do who start spending differently, but this too shall pass. If you are long cards and long the stock market you are gonna be just fine.

[Exhibitman]

Long the right cards. I wouldn't be holding those 2019 Prizms.

[parkplace33]

Talked to a longtime collector this morning. With the bear market we are in, he is worrying less and less about buying cards and more about putting money in investments.

I am interested to see if the stock market decreases reflect in the card community, especially this summer. Might be some deals out there.