Quote:
Originally Posted by Tyruscobb
We are only in the first inning. The virus and layoffs are only getting started. Unfortunately, they are no where near peaking. Some economists and health officials estimate that will not occur until July. You can tout short-term auction prices and result all you want.
I’m not worried about an auction result currently going on right now. Let’s see what happens down the road. Revisit this issue in 6 months. Just like those 4 senators that were telling Americans everything would be fine a few weeks ago, while they liquidated their portfolios.
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As fast and viscous as the move lower in stock and bond prices have been I would imagine most that expect a significant correction in card prices would think that is what we would be seeing right now.
PWCC has 8,795 active listings and there is still a ton of money being spent on cards.
I get it most on here despise them but in order to see what is actually taking place with cards you have no choice but to watch their auctions. Whether anyone likes it or not they are still getting the lion share of the best cards on EBAY and I maintain the opinion they are more like a stock exchange than a dealer and I like to follow prices.
There is a wide range of outcomes that can come from this disaster. Business in this country can't stay closed for long as some are estimating without destroying the economy and I believe this will force us to get back to work faster. So far while this has hit all 50 states it is clearly a bigger issue in just a few and so hopefully regionally we see a faster acceleration of normalcy.
Time will tell how this plays out.
In terms of your last comment. Part of the story is fake news. The woman from GA is innocent and just as I proved on this board Joe Orlando was with his stock option exercise program some will believe it regardless because they simply want too.