Quote:
Originally Posted by japhi
Well ya, an 11 year bull run fuelled by QE and debt has made most bulls look good. Let’s see how all assets perform when cash dries up and people start losing their jobs.
Fwiw I think the underlying fundamentals are decent. And that when demand comes back, the recovery will be dramatic. I am in buy mode myself ( not cards, equities). But this summer is going to be brutal and recession is a guaranty. Don’t underestimate how much of consumer spending is debt financed - HELOCS, credit cards. People are soon to find out they are not as rich as they thought.
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My two major calls were that wrestling cards and specifically the Wrestling All Stars would explode and Mike Tyson cards would too. I bet significantly on this and in both cases good ole Patrick suggested I was crazy.
I agree that a long term run in markets has helped pump up lots of things but the move is far from over longer term in my view. There are loads of people like me in their 40's that will continue to want to own things they like and that remind them of their childhood.
It has been nice to see Gary V speaking so highly of the wrestling cards of late and they have taken another big leg up in many cases. There isn't enough supply in general and certainly not in high grades. I remain optimistic and my finances don't revolve around them at all so I am fine either way.