📈Is the correction over? What cards look attractive with an upside potential?📈

[tjforce]

Originally Posted by yiguiri2002

To be fair, if you call for a recession every year, you'll eventually be right

Someone out there may go 0-15, but they'll be damned if they go 0-16!

[hermanotarjeta]

Originally Posted by pcptrade

The bears or "The sky is falling" crowd need something to talk about.

The sky isn't falling, it's slowly sinking into the abyss. It's a persistent, grinding disintegration.

[JumpshotMcGavin]

I’m absolutely chuffed to win this for my PC. True gem+. Pretty sure these are now pre-pandemic prices.

https://www.pwccmarketplace.com/item...gs-95-gem-mint

Next for me is the KD 2006 finest gold refractor.

[pcptrade]

Originally Posted by Starman101

It's not the sky is falling crowd, people are just sick of the.....

Attachment 552997

Please brag about how you sold your MJs during peak to someone that cares

Talk about self absorbed

Pretty lame bro

Just saying. Lol

1. I was responding to the previous posts on economy, recession, stock market and not about sports cards market in general. I have already mentioned in the first post of this thread that the correction in the sports cards market is not over yet.

2. The graph you posted also applies to the star 101 card that you were recommending two years ago when many people here, including me were saying that its the next pump and dump target. They have fallen 40-50% since then. Talk about lack of self awareness. Just saying.

[KhalDrogo]

We did have a US recession in 2022 with two consecutive quarters of negative GDP growth. The White House tried their hardest to redefine what a recession is, and it worked judging from this thread.

A big uptick in unemployment would be devastating for card prices, but is not necessary in order to see massive declines. LeBron Ultimate BGS 9.5 went from $54k in December 2019, to $225.6k in February 2021, to $27.45k in March. No meaningful rise in unemployment post-Covid should scare you, not embolden you.

[jcardstore]

Originally Posted by KhalDrogo

We did have a US recession in 2022 with two consecutive quarters of negative GDP growth. The White House tried their hardest to redefine what a recession is, and it worked judging from this thread.

A big uptick in unemployment would be devastating for card prices, but is not necessary in order to see massive declines. LeBron Ultimate BGS 9.5 went from $54k in December 2019, to $225.6k in February 2021, to $27.45k in March. No meaningful rise in unemployment post-Covid should scare you, not embolden you.

Not surprised you don't understand why.

Net imports exceeded net exports (strong US consumer) which is negative for the GDP calculation. It wasn't a recession if you use your brain and understand how GDP is calculated

[jcardstore]

Net Exports, Gov spending, business inventories all negative weighting on GDP while personal consumption and GPI both up but yea, it was a recession

[pcptrade]

Originally Posted by KhalDrogo

We did have a US recession in 2022 with two consecutive quarters of negative GDP growth. The White House tried their hardest to redefine what a recession is, and it worked judging from this thread.

And that should have been the time to DCA on stocks. Either you could have made use of the opportunity in 2008-2009, early 2020 and late 2022 to DCA stocks/index funds or you could be in one of those Bear or "The Sky is falling" camp who were saying the market will crash more. If someone bought alphabet and amazon for less than $100 in 2022, why should they care about what they were trading for during the pandemic peak (Alphabet ~$150 and Amazon ~$200)? It was just a reference point, not their cost basis and that is my point. Peak pandemic prices should matter only to those who bought at those peak prices. Again, I am strictly talking about recession and stock market. The world governments through Federal Reserve and other central banks have clearly indicated with their actions since 2009 that they will do anything to keep the stock market propped up.

[KhalDrogo]

Originally Posted by pcptrade

The world governments through Federal Reserve and other central banks have clearly indicated with their actions since 2009 that they will do anything to keep the stock market propped up.

Correct. But they are not the primary driver of market action right now. That $6T+ of money market cash is going to keep things going.

[nabzy28]

and meme stonks. Meme stonks are back, apparently.

[rynobot]

Originally Posted by nabzy28

and meme stonks. Meme stonks are back, apparently.

Oh, this is a good sign

[hermanotarjeta]

Originally Posted by rynobot

Oh, this is a good sign

The people waiting for a basketball card revival are the same ones expecting it to look like GameStop and amc stock price movement.

[rynobot]

Originally Posted by hermanotarjeta

The people waiting for a basketball card revival are the same ones expecting it to look like GameStop and amc stock price movement.

I find it all pretty hilarious 😂

[solt0131]

There are four main reasons why people will not leave the sports card hobby/industry:

1) Money.
2) It's fun.
3) It's addicting.
4) It's unregulated.

For every one that leaves, two more get in.

End of story.

[anusinha]

Originally Posted by solt0131

There are four main reasons why people will not leave the sports card hobby/industry:

1) Money.
2) It's fun.
3) It's addicting.
4) It's unregulated.

For every one that leaves, two more get in.

End of story.

i more or less agree but I find TCG to be a more reliable source of the above. Especially ultra modern sports which is has grossly overpriced wax relative to how fast the singles crash in value.

[hermanotarjeta]

Originally Posted by anusinha

i more or less agree but I find TCG to be a more reliable source of the above. Especially ultra modern sports which is has grossly overpriced wax relative to how fast the singles crash in value.

This just shows how the hobby money has shifted towards gambling on breaks and away from supporting the ever proliferating supply of singles.

Not a healthy sign for hobby growth or singles prices.

We have been warned.

[boxbuster7]

I think things are going fine but whatevs

[GOATcards]

Originally Posted by KhalDrogo

We did have a US recession in 2022 with two consecutive quarters of negative GDP growth. The White House tried their hardest to redefine what a recession is, and it worked judging from this thread.

check out the big brain on Khal lol

where's that 2022 recession in the graph below, now? (US unemployment rate)



it could be that the Official Definition of a recession was inadequate when the unemployment rate isn't noticeably affected. It could be that the Official Definition isn't supposed to be treated as the be-all, end-all definition when business conditions aren't consistently reflecting a Recession Narrative. It could be that independent minds who aren't also hit-and-run types (which would exclude Khal) can understand things not through the power of words and definitions, but rather through grasp of the real phenomena, and can understand that it's the reality that properly shapes definitions and not the other way around.

Khal is the type to cite a weather forecast to decide whether it's raining.

Khal is the type to arbitrarily throw around a word like "antisemitism" as though that had some power to create an antisemite in the target. He doesn't even feel the need to justify such tactics, he'll just use a word out of nowhere as though it carried any punch. (He literally did this.) Outside of whatever specialized profession domain where he makes his Big Collection Money, I don't see signs of a first-rate mind or character

He has no credibility on this topic, he'll mislead the unwary

Obviously the COVID pandemic had a lot more to do with price fluctuations in recent years, card prices even shot up as the unemployment rate spiked like a true recession in '20 and took time coming down.

Obviously if macro events influenced sports card price fluctuations, there'd be historical data showing strong correlations. It seems the key "macro" events affecting collectibles prices are changes in stock markets which are based strongly on expectations. But that wouldn't explain the pandemic bubble. It would explain the '98-00 bubble that coincided with the dotcom bubble.

Until there are sophisticated models tying macro events to collectibles markets, we're probably talking mostly out of our butts re associations

[jcardstore]

[GOATMJ]

Let's be totally honest.... cards are still way overvalued. It will be a very long process to bottom out.

[johnscards]

Originally Posted by GOATMJ

Let's be totally honest.... cards are still way overvalued. It will be a very long process to bottom out.

Yep I think there's a looooong way to go still, most are overvalued still. I'm still actively picking up cards to complete my sets though, even at the current prices. I don't overpay, unless it's the only one that has been available on the open market for years.

I am glad prices are coming down. It's hard to justify this hobby (especially to my wife ) when things have been so freakin expensive the last few years.

[Starman101]

Originally Posted by pcptrade

1. I was responding to the previous posts on economy, recession, stock market and not about sports cards market in general. I have already mentioned in the first post of this thread that the correction in the sports cards market is not over yet.

2. The graph you posted also applies to the star 101 card that I you were recommending two years ago when many people here, including me were saying that its the next pump and dump target. They have fallen 40-50% since then. Talk about lack of self awareness. Just saying.

Nah guy..The graph I posted applies to high end trash boys pumping high end to maximize their profits and get out of the card before it drops. You know kind of like what you did with high end Mahomes, Red PMG MJ Jordan, and ton of high end cards you sold to try and leave someone else holding the bag. I mean it's pretty lame tbh

As far as Star 101 I've owned mine for over 10 years pre PSA pump with no intent to sell. I actually really cherish the card regardless of constantly talking about your self absorbed rants abouts how much money you made, returns, exit strategy blah blah woof woof you always like to boast about yourself

PS: Remember not to be so self absorbed to understand that there's some around here that actually enjoy the cards and not all about the money like yourself. There's a few others with that self absorbed, I love money money money attitude. Ive I unfollowed and muted most of them. Lol

[pcptrade]

Originally Posted by Starman101

Nah guy..The graph I posted applies to high end trash boys pumping high end to maximize their profits and get out of the card before it drops. You know kind of like what you did with high end Mahomes, Red PMG MJ Jordan, and ton of high end cards you sold to try and leave someone else holding the bag. I mean it's pretty lame tbh

As far as Star 101 I've owned mine for over 10 years pre PSA pump with no intent to sell. I actually really cherish the card regardless of constantly talking about your self absorbed rants abouts how much money you made, returns, exit strategy blah blah woof woof you always like to boast about yourself

PS: Remember not to be so self absorbed to understand that there's some around here that actually enjoy the cards and not all about the money like yourself. There's a few others with that self absorbed, I love money money money attitude. Ive I unfollowed and muted most of them. Lol

Says the guy who was talking about 90's MJ Refractors as investments way back in 2015. BO hypocrisy at its best

https://www.blowoutforums.com/showthread.php?t=946883

EDIT: Now, I remember why you are upset. It all started here when you were called out by others for your hypocrisy-

https://www.blowoutforums.com/showth...1525365&page=5

https://www.blowoutforums.com/showth...1525365&page=6

https://www.blowoutforums.com/showth...1525365&page=7

We can continue this same old discussion in your thread above. My next response to you will be in that thread by bumping it

[jacksonjj]

Originally Posted by GOATcards

check out the big brain on Khal lol

where's that 2022 recession in the graph below, now? (US unemployment rate)

it could be that the Official Definition of a recession was inadequate when the unemployment rate isn't noticeably affected. It could be that the Official Definition isn't supposed to be treated as the be-all, end-all definition when business conditions aren't consistently reflecting a Recession Narrative. It could be that independent minds who aren't also hit-and-run types (which would exclude Khal) can understand things not through the power of words and definitions, but rather through grasp of the real phenomena, and can understand that it's the reality that properly shapes definitions and not the other way around.

Khal is the type to cite a weather forecast to decide whether it's raining.

Khal is the type to arbitrarily throw around a word like "antisemitism" as though that had some power to create an antisemite in the target. He doesn't even feel the need to justify such tactics, he'll just use a word out of nowhere as though it carried any punch. (He literally did this.) Outside of whatever specialized profession domain where he makes his Big Collection Money, I don't see signs of a first-rate mind or character

He has no credibility on this topic, he'll mislead the unwary

Obviously the COVID pandemic had a lot more to do with price fluctuations in recent years, card prices even shot up as the unemployment rate spiked like a true recession in '20 and took time coming down.

Obviously if macro events influenced sports card price fluctuations, there'd be historical data showing strong correlations. It seems the key "macro" events affecting collectibles prices are changes in stock markets which are based strongly on expectations. But that wouldn't explain the pandemic bubble. It would explain the '98-00 bubble that coincided with the dotcom bubble.

Until there are sophisticated models tying macro events to collectibles markets, we're probably talking mostly out of our butts re associations

Khal was discussing the existence of a 2022 recession, not what caused the bubble.

Truth is, no one can be an expert on the countless factors that both cause bubbles and define recessions. They're fluid definitions that mean different things to different people.

Just ask the millions of people who in 2022 couldn't afford milk and gas, and who watched 25% of their stock value vaporize in June and decrease through October.

Was that technically a recession? Maybe yes and maybe no. But the associations and thoughts that people put behind words is what gives them their true definition, not necessarily Webster. People would associate the value of their money decreasing, prices increasing, stocks crashing as a recession. EVEN THOUGH it is not technically indicative of one.

[Bcr]

Keep hearing costs are too high but people keep on spending and adding onto their debt. Eventually something will have to give but we don't seem to be there yet.

Long story short, the economy is a massive beast and is very hard to control and/or predict it.