A question about the current market

Johnny630 · #1 05-11-2020, 07:41 PM

Quote:

Originally Posted by Bigdaddy

Leon,

Can you somehow freeze this thread after a couple of more days and then revive it in two years? I'm sure we'll all be laughing at some of the comments here and shaking our heads in frustration at some of the others.

Is this a last chance to buy before a permanent ratchet-up or the last chance to sell at historically inflated prices? Only time will tell.

My take - despite the economy taking a massive hit, there is still lots of discretionary money out there looking for a place to park. Unemployment is at near record levels, but the stock market has already gained back over 50% of its dip from early March. And once the workforce is allowed fully back to work, we'll continue the steady trend of the past couple of years. The only place I see the possibility of a permanent correction is in the modern market where manufactured scarcity is a driving force. How many 1/1s can the market absorb?

Of course, I could be wrong.

You have Horse Sense Sir !!! I agree 100% with you.

sreader3 · #2 05-11-2020, 08:03 PM

I suspect that many people who collect vintage cards, especially those willing to shell out $5K+ for a single card, are aggressively looking for alternatives to buying tech stocks at record high valuations or bonds at record low yields. So I will hazard a guess that mid-grade Green Cobb prices will rise in the coming year. Plus, if you buy one now rather than waiting for a dip that may never come, you will seriously reduce your FOMO stress level. And you will enjoy looking at it every night.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Thoughts on the current state of the Market?	Johnny630	Postwar Baseball Cards Forum (Pre-1980)	3	10-30-2017 01:51 PM
So What Did REA Prices Suggest About Current Market?	GregMitch34	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	24	10-21-2013 12:43 AM
Current T206 market and pondering Wagner value	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	26	01-21-2007 04:26 PM
T206 Lajoie PSA 4 current market price?	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	3	01-03-2007 05:41 PM
Current state of the vintage card market	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	11	10-02-2002 05:34 PM