Will this stock market madness affect cards?

[cardsagain74]

It almost feels like o/t to mention it in this thread after all the politics , but the only "stock market madness" lately has been how insanely strong the market technicals have been since the late March lows.

Since 2009 the big money has stayed invested like their money has impunity there. Never seen anything like it in all my years of trading (or before)

[Mark17]

Originally Posted by cardsagain74

It almost feels like o/t to mention it in this thread after all the politics , but the only "stock market madness" lately has been how insanely strong the market technicals have been since the late March lows.

Since 2009 the big money has stayed invested like their money has impunity there. Never seen anything like it in all my years of trading (or before)

We have had artificially low interest rates since then. Money can't sit without earning interest, so it goes into other assets like real estate or the stock market (or high-end cards.)

I've been noticing nice 1960s flannel jerseys that are all original are getting very strong prices lately.

[cardsagain74]

Originally Posted by Mark17

We have had artificially low interest rates since then. Money can't sit without earning interest, so it goes into other assets like real estate or the stock market (or high-end cards.)

I've been noticing nice 1960s flannel jerseys that are all original are getting very strong prices lately.

I know the economics behind it. But it still shouldn't be as simple as "interest rates are zero, so I always have a big advantage in the stock market". Someone with the most basic understanding of finance could have seen that for the last dozen years now and made a fortune, and obviously nothing should be that easy.

At least not usually. That was my point though; this is a rare time that it has been.

[1952boyntoncollector]

Originally Posted by cardsagain74

I know the economics behind it. But it still shouldn't be as simple as "interest rates are zero, so I always have a big advantage in the stock market". Someone with the most basic understanding of finance could have seen that for the last dozen years now and made a fortune, and obviously nothing should be that easy.

At least not usually. That was my point though; this is a rare time that it has been.

funny how every day past 3 weeks on CNBC the 'experts' keep saying will have a drawback of about 10%-20%...market is overvalued etc.

If market goes up they dont get criticism, its when you say the market is great and it goes down you get criticism not the other way

[Mark17]

Originally Posted by 1952boyntoncollector

funny how every day past 3 weeks on CNBC the 'experts' keep saying will have a drawback of about 10%-20%...market is overvalued etc.

If market goes up they dont get criticism, its when you say the market is great and it goes down you get criticism not the other way

It's like a weatherman saying it may rain. He can't lose.