Quote:
Originally Posted by japhi
Lots of high value cards are WAY off ATH's. Mostly modern, mostly BKB, but upwards of 80% declines.
Recency bias says says that assets like cards, homes, art, vehicles will go up forever but we know that isn't true. Can't think of an asset class that doesn't correct periodically, and the correction is typically in proportion to the run up. We are way overdue for a big reset.
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When has that EVER happened with blue chip cards...flattening and some pull back yes, but no one has ever taken a bath on T206 cobb or 33 Goudey Ruth.
Correct me if I am wrong.