Quote:
Originally Posted by Snowman
The market has cooled over the past couple years, but it also had an enormous and unsustainable runup just prior to that. Anyone that has every studied how markets work should have expected a correction. Here is the CL50 index plot from 2018 (an index of the hobby's top 50 cards, according to CardLadder). The peak corresponds to April, 2021.
If you just ignore March through June of 2021, it doesn't look quite so gloomy.
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Great chart. If you really squint at it you can see the index appears to be up slightly since 1/1/24. It would be neat if you could to overlay this chart with the DJIA and/or the price of Bitcoin to see the correlation. Based on the performance of other markets in 2024, vintage is underperforming and I don't at all view it as a good long term investment, although I love owning cards so I don't care too much about that. I got back into the hobby in 2019, one of the few things I ever timed right so I suppose I'm playing with house money anyways.
10-30-2024, 02:55 PM
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