Housing / Stock Market Affecting Card Market ??

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Posted By: Rich Klein

In new baseball cards was Black Monday in 1987. TONS of investors took their $$$ out of the stock market and put them into BB Cards both old and new. If you look at one of the Beckett magazines (I believe the March 1988 issue, but it could have been one before or after that one), you'll see an editorial from Dr. Beckett in which he mentions that there are NO arrows in the magazine for just about every price went up. This was especially true in the vintage section.
Also, in the 1979-80 time period when the economy was truly in the tank; baseball cards had their first major boom at that time. In fact, several publications, most notably CPU (Card Prices Update) and BHN (Baseball Hobby News) began publishing then.
A downturn on wall street is not automatically a death sentence for collectible baseball cards, in fact, it might actually trigger a boom as people who made $$ take their profit (if they had been in the market for a while) and put into an investment they think is safer (Pre-1980, but especially for this board pre-war cards in this case).

Regards
Rich

Edited to reflect a word change from a word which was spelled incorrectly to a word spelled correctly.