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Once people get their ass's back to work and stop pretend zooming all day while looking at E-Bay and other outlets spending money instead spend the day sitting in traffic jams thinking about the next vacation to spend their cash on will the bubble burst. Only my opinion..
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*********** USAF Veteran 84-94 *********** |
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__________________
Looking to Buy: Tickets/Stubs: Hank Aaron 714 HR Hank Aaron 715 HR Gehrig Appreciate Day Shot Heard Round the World 1975 WS Game 6 1st All Star Game 1933 1986 WS Game 6 1988 WS Game 1 Dents HR 1978 Harvey Haddix May 29, 1959 Babe Ruth Called Shot 1955 WS Game 7 Bartman Game - Cubs Billy Goat Game - Cubs Black Cat Game - Cubs Ray Chapman Hit Brett Pine Tar Game Merkles Boner |
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This current bubble has shades of it all. The dot com valuations of 2000, the inflated home prices of 2008, and the possibility of a 70’s Nixon style inflation that killed the nifty fifty back in ‘73. Interesting that the nifty fifty, or the country’s fastest growing large caps is analogous to FANG/tech. Which is plausible as we move away from zero bound discount rates, impacting growth company valuations the most (as their terminal out year values are shrunk by a rising discount rate). If you were wondering why growth underperformed value (dividend/materials/energy/financials), this is why. This may not happen, we may continue to get a Goldilocks economy for a little longer because the economic disparity is creating a very unbalanced economy not conducive to sustained inflation. But the risk is still there. Long winded way of saying herd mentality is a signal on how much juice is left to squeeze, but not necessarily for a top or end of the bull run. FOMO and herd mentality can last for a while - exemplified in this 12+ year bull run in the market. “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” - John Templeton And yet I find it interesting outside of the MDs, none of the analysts have been around the last time there was a bear market... Last edited by joshuanip; 02-24-2021 at 09:04 PM. Reason: My initial post was more crappier than this one |
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I think there's room for people to own cards, and I think you waaaaaay overestimate the brain matter and knowledge it takes to pick some cards to buy. Sports may be the one area this nation actually invests significant cognitive energy towards, and that's all it really takes. Know the players you think are good, ride the guestimates of the 'experts' as they announce the next big thing, and spend time on ebay. It's hardly rocket science. No, they're not going to spend time learning every esoteric vintage issue. So what? They need to know the names of 15-20 players and look online at what cards are available, where the money seems to be flowing suggesting desirability, and perhaps cruise to one of the many sites showing historical sales data. I'm not giving enormous credit here. This place isn't home to the Mensa society, but simply a cross section of society who share a common interest. It's cardboard, not carbon nanotubes. Last edited by 68Hawk; 02-24-2021 at 10:35 PM. |
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Could not agree more. A lot of newbies are making it easy for us veterans to make money when the bubble does pop. Sitting on a pile of cash waiting. If it takes a couple of years to pop and flush through to the point of capitulation, that's just fine by me. Stuff I bought up several years ago is selling like hotcakes at a multiple of what I paid for it, so I am selling into it; looking forward to doing it again. Yet we must not forget the most important thing: cards are fun. Speaking of which, this thread needs one: Ty Says Relax
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 02-25-2021 at 03:10 PM. |
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