Poll: Are you too scared to even think about your hobby wallet?

[MiamiMarlinsFan]

Originally Posted by eastbayak

He's a cool dude. If you use Discord, I can connect you with him.

This is all the sports card social interaction I need (and then some). I appreciate the offer though!

[KhalDrogo]

S&P record high. What an embarrassing thread.

[jacksonjj]

Originally Posted by fabiani12333

A recent TV commercial from GEICO, in which a middle-aged father expresses fear of his wallet after his son was added to his car insurance plan -- "I was scared to even think about my wallet" -- has me thinking about those in the hobby possibly fearing for their wallets.

Why would they be too afraid to even think about their wallet? Because the markets appear to be down across the board:

-- The DOW is the lowest it's been since October 10th of last year.

-- The NASDAQ is the lowest it's been since August 27th of last year.

-- Bitcoin is down 45% from it's all-time high of $124k set on October 7th of last year -- though it's up 5% from its 6-month low of $63k set on February 24th.

-- Gold is at its lowest price since January 9th of this year, and silver is at its lowest price since December 22nd of last year.

If asset prices generally trend in the same direction, this might portend lower prices for trading cards in the near future.

So, are you too scared to even think about your hobby wallet at the moment?

Welp. it was fun while it lasted.

[eastbayak]

Originally Posted by MiamiMarlinsFan

This is all the sports card social interaction I need (and then some). I appreciate the offer though!

Haha sounds good.

[marl1220]

Originally Posted by KhalDrogo

S&P record high. What an embarrassing thread.

Of course it is.

[mfw13]

Originally Posted by KhalDrogo

S&P record high.

Corporations are showing that they have been successfully able to maintain profit margins by passing costs on to consumers, either by raising prices, or through shrinkflation (in Fanatics' case, both). It's that simple.

The "market" only cares about geopolitical events to the extent that they might affect corporate profits.

[asujbl]

Still an amazing thread

[fabiani12333]

Originally Posted by KhalDrogo

S&P record high. What an embarrassing thread.

The Dow is still down 3.4% from its high on February 10th.

Inflation is creeping higher. Things are getting worse for average Americans and the economy. The stock market can push higher in the short term -- but let's see where things stand later this year with possible stagflation.

[premium1981]

Originally Posted by KhalDrogo

S&P record high. What an embarrassing thread.

The sad part about living with an eternal doom and gloom mindset, is that even when you are right its only very briefly lived. Markets do nothing but go up over time. Nothing is going to change that unless a nuke is dropped on NY. That means this type of person has to live their life being wrong 90% of the time with stuff like this. And true to his reputation, he was wrong here. Again. He also disappears as narratives change. Which he did here. Again. Stay tuned though, there will be another weak moment in the market at some point in the near future and we will get another similar thread.

EDIT. He posted as I was typing this! Congratulations to fabiani for sticking around (although its been quiet lately) and doubling down on your doom forecast. Keep at it homie! Eventually you are going to be right for a few weeks. The problem is it will reverse and you will be wrong again for a few years.

[fabiani12333]

Originally Posted by jacksonjj

Welp. it was fun while it lasted.

What -- you mean the bull market?:

From previous all-time highs:

DOW (2/10/26): -3.4%

S&P 500 (4/15/26): +0.6%

Gold (01/29/26): -10%

Silver (01/26/26): -31.5%

Bitcoin (10/7/25): -39%

This market has been sagging more than my nuts on a hot day.

[fabiani12333]

Originally Posted by premium1981

The sad part about living with an eternal doom and gloom mindset, is that even when you are right its only very briefly lived. Markets do nothing but go up over time. Nothing is going to change that unless a nuke is dropped on NY. That means this type of person has to live their life being wrong 90% of the time with stuff like this. And true to his reputation, he was wrong here. Again. He also disappears as narratives change. Which he did here. Again. Stay tuned though, there will be another weak moment in the market at some point in the near future and we will get another similar thread.

EDIT. He posted as I was typing this! Congratulations to fabiani for sticking around (although its been quiet lately) and doubling down on your doom forecast. Keep at it homie! Eventually you are going to be right for a few weeks. The problem is it will reverse and you will be wrong again for a few years.

No, it's reality my friend. It's factual and supported by the data.

Stop living with eternal optimism and rose-colored glasses and touch some grass for once.

The markets go up because of the devaluation of the dollar -- pure genius insight.

[fabiani12333]

People still coming in here acting like trading cards are immune from the overall economy and other asset prices.

[anusinha]

Originally Posted by KhalDrogo

S&P record high. What an embarrassing thread.

Time to change the name to Standard & Riches.

The fools that have screaming that the world is going to end since Jan 2025 have missed out on a lifetime of wealth building opportunity. Oh well, sucks for them.

[duwal]

Originally Posted by fabiani12333

What -- you mean the bull market?:

From previous all-time highs:

DOW (2/10/26): -3.4%

S&P 500 (4/15/26): +0.6%

Gold (01/29/26): -10%

Silver (01/26/26): -31.5%

Bitcoin (10/7/25): -39%

This market has been sagging more than my nuts on a hot day.

so how invested are you in all of these??

[swerve]

Originally Posted by fabiani12333

People still coming in here acting like trading cards are immune from the overall economy and other asset prices.

Props for dying on the hill.

I see zero evidence of weakness in the card market at the moment.

My accounts are at all time highs. I don't do anything special. If you are not taking advantage of buying opportunities when they are presented... You are just going to get further behind.

Markets and asset classes recover, it's just a question of when.

[eastbayak]

Originally Posted by fabiani12333

What -- you mean the bull market?:

From previous all-time highs:

DOW (2/10/26): -3.4%

S&P 500 (4/15/26): +0.6%

Gold (01/29/26): -10%

Silver (01/26/26): -31.5%

Bitcoin (10/7/25): -39%

This market has been sagging more than my nuts on a hot day.

Originally Posted by duwal

so how invested are you in all of these??

None. He put his $ into Wander Franco.

[fabiani12333]

Originally Posted by swerve

Props for dying on the hill.

I see zero evidence of weakness in the card market at the moment.

A lagging indicator? Doom spending? People feeling anxious about their financial situation and wanting to feel better by participating in the hobby? People needing to flip cards to supplement their income because of the high cost of living?

Perhaps those who rely on the hobby for their livelihood and who have only known a strong trading card market because they joined the hobby during or after the pandemic boom are pushing ahead with business as usual, not seeing dark clouds forming in the distance? This hobby certainly does seem to be surrounded by a bumble of delusion.

[MiamiMarlinsFan]

Originally Posted by anusinha

Time to change the name to Standard & Riches.

The fools that have screaming that the world is going to end since Jan 2025 have missed out on a lifetime of wealth building opportunity. Oh well, sucks for them.

People have been going around here with “The End is Nigh” signs since shortly after the pandemic boom started.

[swerve]

Originally Posted by fabiani12333

A lagging indicator? Doom spending? People feeling anxious about their financial situation and wanting to feel better by participating in the hobby? People needing to flip cards to supplement their income because of the high cost of living?

Perhaps those who rely on the hobby for their livelihood and who have only known a strong trading card market because they joined the hobby during or after the pandemic boom are pushing ahead with business as usual, not seeing dark clouds forming in the distance? This hobby certainly does seem to be surrounded by a bumble of delusion.

LOL, I've participated in every market in this hobby. This is certainly not my livelihood, nor am I delusional. Who cares about a "lagging indicator" if there is nothing indicating weakness?

[KhalDrogo]

Hey fab, I heard the UMich consumer sentiment survey just had its worst reading of all time. The end is near buddy! The end is near!

You’ve got to either be 100% allocated to some cash and bond mixture to be this stubborn. Fortunately, there’s always time to pivot. Even you can do it!

[KhalDrogo]

Originally Posted by mfw13

Corporations are showing that they have been successfully able to maintain profit margins by passing costs on to consumers, either by raising prices, or through shrinkflation (in Fanatics' case, both). It's that simple.

The "market" only cares about geopolitical events to the extent that they might affect corporate profits.

No. The market only cares about uncertainty. And as soon as that uncertainty is resolved, the market pushes higher. Uncertainty lessens confidence. No confidence -> build cash.

Early Covid = uncertainty
Rate hike duration = uncertainty
Tariffs = uncertainty
AI vs software/Iran = uncertainty

It’s the same playbook every time no matter how far back you go. You people just never learn.

[premium1981]

Originally Posted by fabiani12333

No, it's reality my friend. It's factual and supported by the data.

Stop living with eternal optimism and rose-colored glasses and touch some grass for once.

The markets go up because of the devaluation of the dollar -- pure genius insight.

It's YOUR reality, not actual reality. When talking economics, you can pull actual facts and actual data to support either side. A little common sense goes a long way when processing that "actual data" you like to quote.

And for the record, I have no desire to ever stop being optimistic by nature. I love my life, and I love looking at the bright side of things. I could not fathom living with the reverse mindset. That has to be a miserable way to go through life.

Furthermore, my "eternal optimism" as you say, has a really good track record of being correct. Feel free to dig through my years of posts and you will have a hard time finding comments that I have made that have been plain wrong. They exist, but there aren't many. You, on the other hand, are making those kinds of posts daily. Its extra amusing in a thread like this. You use the stock market dipping slightly as a way to attempt to make a point, then when it hits a new record high you dismiss it. So which is it? An indicator or not an indicator? You have literally said both here. That is why you have absolutely zero credibility. You blow with the wind looking for things that fit your negative narrative, and when positive signs present themselves you close your eyes.

[hermanotarjeta]

There…….are……..four……….lights!

[carlo16]

Originally Posted by KhalDrogo

No. The market only cares about uncertainty. And as soon as that uncertainty is resolved, the market pushes higher. Uncertainty lessens confidence. No confidence -> build cash.

Early Covid = uncertainty
Rate hike duration = uncertainty
Tariffs = uncertainty
AI vs software/Iran = uncertainty

It’s the same playbook every time no matter how far back you go. You people just never learn.

Nailed it.

[mfw13]

Originally Posted by KhalDrogo

You people just never learn.

Who exactly are "you people"??? Everyone who disagrees with you??? Do you realize how pompous you sound with your certainty that you are right and everyone else is wrong?

Because you're obviously so much smarter than the rest of us.....

Learn how to respectfully disagree with other people instead of always denigrating and putting down everyone who has a different opinion than you.