In the news.

[BobbyStrawberry]

Originally Posted by Fred

Sorry, gotta be "that guy" that asks the stupid question: What's the CL50?

According to the article Brian posted, it's an index of 50 different cards:

https://www.cardladder.com/indexes/cl50index

I hadn't heard of it either

[Fred]

Originally Posted by BobbyStrawberry

According to the article Brian posted, it's an index of 50 different cards:

https://www.cardladder.com/indexes/cl50index

I hadn't heard of it either

Thank you?

I was beginning to feel a bit nauseous after seeing a card index trying to mimic a stock market index. Card Ladder 50.

Pretty soon some knuckle head will try to sell shares of the CL50 like an ETF and pretty soon, some knucklehead will buy it. Holy crap, could you imagine the manipulation that could take place if someone tried to ETF the CL50?

This is a system that could be easily gamed. Just for poops and giggles, I wanted to see what the 1 year graph for the CL50 looked like and the link took me to a subscription page. All I could do was shake my head and laugh.

I guess my problem is that I look at this stuff like it's cardboard when I should be actually be judging it by the label in the plastic casing.

By the way, if someone sold shares of this index, do they also sell shares for shorting the index?

[joshuanip]

Article and its author carries no weight.

He “flashes” the reader by dangling a pre-rookie of Ruth at the top of the article, then backs up his thesis that trading cards have crashed with Pokémon cards and nft’s. Really nft’s! Not remotely in the same asset class.

And an index does not portray the entire market. We hear about new highs due to the (overpriced) mag seven in the nasdaq 100 carrying that index. Doesn’t mean the whole market is doing well. The Russell 2000 index is the best broad measure of the market which has rebounded as breadth strengthened but it is still 17% below its highs from a couple years ago. My point is the Pokémon card negative skew to the trading card index is the inverse of the magnificent 7 + skew to the nasdaq100, but doesn’t depict what’s really happening to the broader markets as depicted by the Russell 2000.

I thought his story was weak so I decided to look him up in LinkedIn. His pedigree is weaker. The kid is 6 years removed from grammar school and has 3 years of journalism under his belt. Hardly a business expert for business was insider let alone him penning an article outside his lane regarding collectibles.

But wait his profile summary says the Wharton school. So that provides some cred… until you read further that he added that to his cv for attending a seminar at Wharton, and not a degree from there. Overinflated cv is another red flag for someone trying to pretend to be above their weight class.

So don’t give the article much credence.

[joshuanip]

He is right about brown liquors though. There has been a trend towards clear alcohol to the detriment of scotch whiskeys. But that’s not a bubble pop, that’s simply a change in consumer preference.