Will this stock market madness affect cards?

Fuddjcal · #1 03-16-2020, 11:14 AM

Quote:

Originally Posted by Exhibitman

You forgot some stuff. I get 2 hours to get to LAX (versus half an hour to Burbank) plus another 2 hours to get into the airport, check in and clear security and reach my gate, plus 5-6 hours to get there at least (weather, you see; haven't made a summer trip to the East Coast on time in years...last AC show I flew to we were diverted to Buffalo for 8 hours to wait out a thunderstorm), plus an hour to get my bag and my car, plus 1-2 hours to drive to AC. Then a hour to tear apart my room looking for the bedbugs (ask Silverman about his Caesar's bedbug experience if you don't believe me). Yeah...hard pass. All that assumes that a fat 55 year old asthmatic slob like me isn't more or less grounded due to the virus.

Assuming this stupid-ass plague is in hand by then and I can even hop a plane, I'm probably gonna go see if there are any card shows in Kona.

If air travel is still a no-no, I guess I'll just have to make do with a week on the beaches in Malibu

Hang loose, brothers...

The pic is so great Adam

. I take my grandsons to Broad Beach when they come out and teach them how to "Laser Beam" out there and have several pics like that myself.

I love So Cal! No need to go anywhere!

japhi · #2 03-16-2020, 11:44 AM

I�m not surprised that the super high end cards that started auction 5-10 days ago are still doing well. The economic impact of this thing is just starting.

Lets see how auctions are doing when the country is is in quarantine, millions of people are laid off , and consumer spending grinds to a halt.

To give some perspective, Aramark has 180k employee�s. They manage food service at facilities. All of these facilities are closed. Thats one company that has no work for its people.

The airlines employee 600k people. Marriott has 130k employees. 15mm people work in restaurants in the US. All of these businesses will be running at 10 percent capacity. Even those of us that won�t face temp layoff and going to be dramatically impacted. It basically will take out everyone in corp americas ability to make their sales plan and bonuses.

Cards like everything else are going to get annihilated.

Dpeck100 · #3 03-16-2020, 11:50 AM

What I do find fun about these discussions is there are a wide range of outcomes that can happen.

Just a few minutes ago you had a hedge fund manager on CNBC who has a personal net worth in excess of a billion dollars said he would go mortgage a house to buy stocks right now and thinks the market will come roaring back later this year. Another guest pushed back and disagrees and thinks the economic effects will longer and deeper.

Time will tell who is right but both are well educated men with lots of experience.

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