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#1
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So, gotta ask the obvious.......
With a market correction in full bloom, anybody putting the brakes on their collecting?
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#2
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Flesh wound. The rebound will happen as it always does. Short term could hurt prices a little as discretionery income is less but long term, no issues from this. That's my half cent.
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Leon Luckey |
#3
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Might hold off a bit if I was dealing in high-end items........but I'm a nickel and dimer, so status quo for me..........as Leon mentioned, it's just a bump in the road in the economy.......the big players are circling right now and getting ready to buy.....
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Successful deals with dkbobasa, Mintacular, Hangman, Donscards, Bocabirdman, Goferboy00, Digdugdig, jimivintage, baseballart, jimmysuitcase, 39special, smokeyburgess, scooter, shorttmail66, KCDoughboy, Andrew1975, t206fix, Eggoman, others. Member of OBC. www.oldbaseball.com |
#4
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Re: So, gotta ask the obvious.......
Yes and no. I'm in the middle of making a large card purchase. My strategy is
not to buy any more cards until I pay this purchase off. I suppose in my case the stock market doesn't really have a bearing on my collecting/purchasing habits. ErikV |
#5
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"The market is good so cards must be good"
"The market is bad so cards must be bad" These are both awful assumptions to make. |
#6
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Kudos to Leon on the timing of your sale...it is a great time to be flush with cash to invest in the market!!!!
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#7
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but I was never very good in math...
ps, the blind squirrel theory is also a good one.....
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Leon Luckey Last edited by Leon; 08-24-2015 at 10:02 AM. |
#8
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If I were tied up in stocks you'd catch me in the center of town. But I am a free man so I do as I please.
Last edited by packs; 08-24-2015 at 09:02 AM. |
#9
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Quote:
Bill |
#10
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Quote:
Make that three with a fourth probable for Tuesday. Just checked the Asian markets. Ugly. |
#11
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Ebay has been awesome for 2 days, honestly I am holding hope the panic stays on for another 24 hours so I can pick up another off my want list tomorrow night at another bargain.
The market is always cyclical, it will rebound. I remember Black Monday 87'. Everyone in a sheer panic and my best friend's father pulls a 75k HELOC on his home and puts it all in blue chips. In the early nineties his portfolio hit 6 mil. Make that on safe hedges in a handful of years. The smart ones make a mint on the lemmings. Hold what you got and buy what you couldn't afford before. |
#12
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100%. ^ fins up! of course, we aren't all "intelligent" collectors per the Almighty. Last edited by begsu1013; 08-24-2015 at 10:30 PM. |
#13
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As of 7:00 a.m. ET, Dow Jones Industrial Average futures were 525 points higher, or 3.32%. S&P 500 futures gained 61 points, or 3.30% to 1923, while Nasdaq 100 futures jumped 162 points, or 4.05% to 4165.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#14
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I am not afraid to apologize and admit I'm full of it. Having fun watching the market or as I call it, encapsulated insanity.
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#15
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Best time to buy is when baseball is in the off-season.
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#16
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Easy come easy go
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