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

[tjforce]

Originally Posted by fabiani12333

He's saying that the markets for speculative assets, luxury items and certain leisure activities like concerts are increasingly being supported by a relatively small segment of the population, and that makes those markets inherently volatile.

Ok. I don't necessarily disagree with that.

Now is it a good thing or a bad thing? I don't know. Fine art has been controlled by a small segment of the population for as long as I've been around. Same with Gold. I don't know of many people who've ever had large quantities of Gold in their possession.

Again, I'm keeping my part in this discussion focused on the sports card and collectable hobby. Ebbs of flows of the card market have been around since I can remember. Each time bigger than the last.

[tjforce]

Originally Posted by jcardstore

I agree with this on an individual level.

I'm talking about "the hobby" in a general market sense.

For there to be singles for you to buy boxes need to be opened. Those prices are rising to levels of unsustainability.

and that doesn't even speak to the fact that this market has never been financialized like it is now.

What's interesting is that I think this is something Topps is trying to address/take advantage of.

They are printing so much Topps base that if not now, then very soon we'll be back to the point where 10 year olds can take their chore money and buy a few packs, either at the card shop, target, or online.

Then they'll come out with the higher end stuff that's out of most collector's price ranges and will get gobbled up by breakers. If some people can't play at those table stakes, then ohh well, there's always base Topps.

[fabiani12333]

Originally Posted by KhalDrogo

B. A fear mongering tactic. Regardless of truth, the impact is overstated.

What exactly are you guys implying will happen? Some sort of US color revolution where all the tax the rich dorks revolt against the wealthy and somehow cause harm to us? Paint the picture for me Dickens.

More socialism. Universal basic income. Higher taxes on the rich.

There are far more of them than there are of you, and they have the power of the vote. And a lot of the younger ones want handouts and debt forgiveness. Politicians will go where the votes are.

[RKH916]

Originally Posted by fabiani12333

More socialism. Universal basic income. Higher taxes on the rich.

Ah yes, the self-imposed death of civilization. 'Tis a familiar story.

[Blazed]

The UD president gets it

The only thing he got wrong is, rich people aren't holding the market up

People using card funding services and people buying through LLCs are

[anusinha]

Originally Posted by fabiani12333

More socialism. Universal basic income. Higher taxes on the rich.

There are far more of them than there are of you, and they have the power of the vote. And a lot of the younger ones want handouts and debt forgiveness. Politicians will go where the votes are.

LOL..

[Asian62150]

Originally Posted by fabiani12333

More socialism. Universal basic income. Higher taxes on the rich.

There are far more of them than there are of you, and they have the power of the vote. And a lot of the younger ones want handouts and debt forgiveness. Politicians will go where the votes are.

Yes, but the rich have the power of the lobby. Which do you think is more powerful?

[KhalDrogo]

Originally Posted by fabiani12333

More socialism. Universal basic income. Higher taxes on the rich.

There are far more of them than there are of you, and they have the power of the vote. And a lot of the younger ones want handouts and debt forgiveness. Politicians will go where the votes are.

There are stupid takes, then there’s this. The classic “this time is different” argument. And people wonder why they’re stuck in the mud financially.

[PuddleMonkey]

Originally Posted by mfw13

I finished grad school (in 1998) with a brokerage account...

The smart man takes some profits here. Maybe focus of selling 2008 baseball stuff, down year for baseball with nothing of note happening.

[KhalDrogo]

Originally Posted by 2010GBPackers

Overall, I think the main concern is not economic, but cultural.

Perhaps the rich will keep floating the bottom 50% of consumers; I firmly believe this will happen. They'll keep printing money to give to folks to spend and consume, while lining their own pockets with the profits.

However, if that occurs, you'll further calcify our disconnection economically, socially, politically, and culturally as Americans. We have no shared experiences anymore. No one goes to church. We all watch the newest show on our own time. Media/information is fragmented. We all fight each other for the best neighborhoods/schools/"elite" travel teams for our kids.

Economic collapses can be overcome if everyone is on the same page, feels connected to each other, and has others' best interests at heart. Right now, those aren't the vibes, as the kids say.

But if we have a real war with a real adversary.....

Extremist views never wind up true. Outcomes always fall in the middle.

If you haven’t been paying attention, the Monroe Doctrine is back. Western Hemisphere is all that matters.

[fabiani12333]

Originally Posted by KhalDrogo

There are stupid takes, then there’s this. The classic “this time is different” argument. And people wonder why they’re stuck in the mud financially.

Aren't you in New York? Isn't that ground zero for the socialist revolution?

[cms11]

Originally Posted by fabiani12333

More socialism. Universal basic income. Higher taxes on the rich.

There are far more of them than there are of you, and they have the power of the vote. And a lot of the younger ones want handouts and debt forgiveness. Politicians will go where the votes are.

Okay.

[KhalDrogo]

Originally Posted by fabiani12333

Aren't you in New York? Isn't that ground zero for the socialist revolution?

I haven’t stepped foot in NYC since 2021 and won’t do so until the climate changes.

I live in one of the best cities in the US if your priorities are raising a family and low cost of living so you can truly build wealth.

[Torro]

Don’t worry guys, the rest of the world will take over the basketball card hobby if USA defaults

[2010GBPackers]

Originally Posted by KhalDrogo

Extremist views never wind up true. Outcomes always fall in the middle.

If you haven’t been paying attention, the Monroe Doctrine is back. Western Hemisphere is all that matters.

I think we can finally agree to agree on this one. The amount of untapped human capital and resources on our side of the globe are more than enough to stabilize the entire two continents, if we can all get on the same page. Not to mention that culturally, we are much more similar to each other, which makes for alliances and agreements that are on much stronger ground.

I'm a huge believer in focusing our political and economic energy on the Americas.

[Blazed]

Another big player unloading

Smart money is selling

And $44k for a black finite Mashawn Lynch 1/1.... lol

[2010GBPackers]

Originally Posted by Blazed

Another big player unloading

Smart money is selling

And $44k for a black finite Mashawn Lynch 1/1.... lol

Who's this?

[jcardstore]

I can't imagine paying 44k for Marshawn Lynch anything

[boxbuster7]

which lynch sold for $44k? 2012 prizm? goldin?

that is a lot

[Blazed]

Originally Posted by Blazed

Another big player unloading

Smart money is selling

And $44k for a black finite Mashawn Lynch 1/1.... lol

Originally Posted by Blazed

If the sports card industry was regulated this thread would be going in a whole different direction

Again, the only winners here are the sellers, auction houses, and the card funding services

A lot of big players in the hobby are selling because they're smart not because they need the money

Forgot the pics

Sold on eBay

Funded of course....

I mean it only made sense because the Jay Cutler finite 1/1 went for $12k to some moron so then the pumping of finites started

[Torro]

Originally Posted by Torro

Don’t worry guys, the rest of the world will take over the basketball card hobby if USA defaults

But we will never care about NFL card hobby, things like this 44k 1/1 could be up for sale buy it now $50 and we would not take it lol

[weatherwarrior]

Originally Posted by KhalDrogo

I haven’t stepped foot in NYC since 2021 and won’t do so until the climate changes.



I live in one of the best cities in the US if your priorities are raising a family and low cost of living so you can truly build wealth.

Lots of great areas to do so. These are the biggest priorities where I live as well. Cheaper cost on just about everything. This allows for hobbies and extracurricular activities without the stress of all the additional costs.

Sent from my SM-S928U using Tapatalk

[BoSoxFan1999]

Originally Posted by 2010GBPackers

Who's this?

[yiguiri2002]

Unrelated to most recent topics on the thread, but does anyone have a good theory on why hobby is going up vs retail?

For last year's Prizm, you can buy almost 2 blaster cases for one hobby box. A Mega case costs less than two hobby boxes.

[hermanotarjeta]

Originally Posted by yiguiri2002

Unrelated to most recent topics on the thread, but does anyone have a good theory on why hobby is going up vs retail?

For last year's Prizm, you can buy almost 2 blaster cases for one hobby box. A Mega case costs less than two hobby boxes.

Retail is garbage.

Breakers like hobby for the hit potential.