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

[KhalDrogo]

Originally Posted by Scottish Punk

Didn't say it did, but you do you.

Your comment was a bit of a non-sequitur then as I’m not sure how much stock market performance drives sports card buying.

[Nomad]

Originally Posted by Scottish Punk

Remember two week ago? or whatever and the stock market was ending because Japan raised interest rates. Everything was on freefall!! Today the DOW is back to 40.6 k. As long we don't have a 2008 crash or Covid scenario, the market is going to fluctuate with buy offs and run ups. Just put your money in and let it ride.

only game in town.

[GOATcards]

re economic policy, I'm sure y'all will be delighted to hear that the betting markets have it at nearly 50/50 for a candidate whose first economic policy proposal is to go after "price-gauging" (which is how she pronounced it off the teleprompter - evidently she's new to the concept) as though any serious economist ever thought that was a large-scale thing. (How did they get away with "gauging" less before the recent inflation?) Seems also like the campaign strategy is to expose her to as little scrutiny as possible before Nov.

My confidence is inspired; so joyous this candidacy

[6celtics33]

Originally Posted by GOATcards

re economic policy, I'm sure y'all will be delighted to hear that the betting markets have it at nearly 50/50 for a candidate whose first economic policy proposal is to go after "price-gauging" (which is how she pronounced it off the teleprompter - evidently she's new to the concept) as though any serious economist ever thought that was a large-scale thing. (How did they get away with "gauging" less before the recent inflation?) Seems also like the campaign strategy is to expose her to as little scrutiny as possible before Nov.

My confidence is inspired; so joyous this candidacy

What do you want? Someone people voted for? They are saving democracy not participating in it.

[boxbuster7]

Originally Posted by GOATcards

re economic policy, I'm sure y'all will be delighted to hear that the betting markets have it at nearly 50/50 for a candidate whose first economic policy proposal is to go after "price-gauging" (which is how she pronounced it off the teleprompter - evidently she's new to the concept) as though any serious economist ever thought that was a large-scale thing. (How did they get away with "gauging" less before the recent inflation?) Seems also like the campaign strategy is to expose her to as little scrutiny as possible before Nov.

My confidence is inspired; so joyous this candidacy

this is a card forum...not a political think tank

[wiper]

Originally Posted by GOATcards

re economic policy, I'm sure y'all will be delighted to hear that the betting markets have it at nearly 50/50 for a candidate whose first economic policy proposal is to go after "price-gauging" (which is how she pronounced it off the teleprompter - evidently she's new to the concept) as though any serious economist ever thought that was a large-scale thing. (How did they get away with "gauging" less before the recent inflation?) Seems also like the campaign strategy is to expose her to as little scrutiny as possible before Nov.

My confidence is inspired; so joyous this candidacy

you also probably slapped a sticker on a gas station pump bc you think the president controls gasoline prices.

[ninjabum87]

Originally Posted by wiper

you also probably slapped a sticker on a gas station pump bc you think the president controls gasoline prices.

Lol, the same people frantically scratching them back off whenever gas prices dipped.

[Bcr]

Originally Posted by wiper

you also probably slapped a sticker on a gas station pump bc you think the president controls gasoline prices.

Haha.

[GOATcards]

Originally Posted by wiper

you also probably slapped a sticker on a gas station pump bc you think the president controls gasoline prices.

supposing I did, does that mean that Harris's idea to "tackle price gouging" has economists on board?

[Nomad]

US is gonna US. It's full of people with devices, just setting out to zoom one another.

[kluke84]

Originally Posted by GOATcards

re economic policy, I'm sure y'all will be delighted to hear that the betting markets have it at nearly 50/50 for a candidate whose first economic policy proposal is to go after "price-gauging" (which is how she pronounced it off the teleprompter - evidently she's new to the concept) as though any serious economist ever thought that was a large-scale thing. (How did they get away with "gauging" less before the recent inflation?) Seems also like the campaign strategy is to expose her to as little scrutiny as possible before Nov.

My confidence is inspired; so joyous this candidacy

It's very funny. And millions will vote for it because of 'vibes'.

Worked great for Venezuela....

[kluke84]

Originally Posted by Scottish Punk

Didn't say it did, but you do you.

A recession was defined by 2 consecutive quarters of declining GDP. Which happened Q1/Q2 of 2022. It didn't fit the narrative so Wikipedia rewrote what the definition was.

We also had a report today that jobs growth over the last year was overstated by over 1mm. After each prior month being restated downward weeks after announcement.

We've been in a recession for well over 2 years which correlates to the decline in the card market among other data points. One side doesn't want to admit it.

[jcardstore]

Originally Posted by kluke84

A recession was defined by 2 consecutive quarters of declining GDP. Which happened Q1/Q2 of 2022. It didn't fit the narrative so Wikipedia rewrote what the definition was.

We also had a report today that jobs growth over the last year was overstated by over 1mm. After each prior month being restated downward weeks after announcement.

We've been in a recession for well over 2 years which correlates to the decline in the card market among other data points. One side doesn't want to admit it.

Let's be intellectually honest here.

I too was feeling this way until I actually took a step back to understand *why* we had a technical recession.

It's pretty clear that despite fitting the technical definition, there was a very specific accounting reason why (how GDP is calculated) and pretty clearly was not a recession.

GDP growth was negative but GDI was still positive for both Qs.

Employment numbers were great, personal consumption numbers were positive for both Qs. The technical recession was caused specifically by Net Exports decrease.

What this means is that the US economy was so much stronger than the rest of the world that the net imports greatly exceeded the net exports which led to a negative GDP number.

[GOATcards]

Hard to convince people there's a recession if employment (real if not "measured") isn't falling. It's really the only coincident indicator I follow.

Sent from my SM-S711U using Tapatalk

[jcardstore]

It's pretty much common sense that it's not a recession if people are gainfully employed and inflation adjusted wages are still positive.

Yes, "real" wages have dropped in the last 5 years because of higher inflation but they're still positive.

[Nomad]

Originally Posted by kluke84

It's very funny. And millions will vote for it because of 'vibes'.

Worked great for Venezuela....

Venezuela has been spending decades repaying on high interest Chinese loans that were pocketed. US just prints money. Until that becomes an issue.... next.

[Torro]

Seems like all time greats MJ, Lebron, Kobe, Curry, Shaq and even Durant cards are seeing some green in the past months - https://youtu.be/EdGJfK9vBCY?si=y6mQEk3RmMN0Yjmb

Are people starting to realize that buying hyped rookies and new wax for $$$ is not the best options for their hobby dollars?

[Scottish Punk]

Originally Posted by Torro

Seems like all time greats MJ, Lebron, Kobe, Curry, Shaq and even Durant cards are seeing some green in the past months - https://youtu.be/EdGJfK9vBCY?si=y6mQEk3RmMN0Yjmb

Are people starting to realize that buying hyped rookies and new wax for $$$ is not the best options for their hobby dollars?

I think things are just settling back to pre-pandemic norm. Hyped rookies are still going to be overpaid. Money always settles into the "era" legends. Meaning players who some years of basketball are defined by their last name. Those players will always hold value - Bird/Magic, Jordan, Shaq/Kobe, Lebron/Curry. Durant may have received an olympic boost.

I do wonder if some of new influencers are starting to leave and move on to the next grift. Also, those that stayed are learning to park money into the staples.

[The_Reverend]

Originally Posted by kluke84

A recession was defined by 2 consecutive quarters of declining GDP. Which happened Q1/Q2 of 2022. It didn't fit the narrative so Wikipedia rewrote what the definition was.

We also had a report today that jobs growth over the last year was overstated by over 1mm. After each prior month being restated downward weeks after announcement.

We've been in a recession for well over 2 years which correlates to the decline in the card market among other data points. One side doesn't want to admit it.

Speaking of job growth, at the peak of COVID, 21.5 million jobs were lost. Last I checked 26 million have been created. There is no job growth people are just going back to work. The numbers do not lie, but the media sure does. That is kinda like comps at card shows.

[Scottish Punk]

Originally Posted by The_Reverend

Speaking of job growth, at the peak of COVID, 21.5 million jobs were lost. Last I checked 26 million have been created. There is no job growth people are just going back to work. The numbers do not lie, but the media sure does. That is kinda like comps at card shows.

Those numbers show 4.5 million job growth. But yes, the media overstates it a bit since "growth" shouldn't count the covid people going back to work. There has been growth, employment is higher than pre-covid. I actually think the current administration (and more specifically the FED) has done a pretty good job. Inflation was a problem and we are still 1% higher than it should be. I would have liked one less round of Covid stimulus, not sure how much that would have been a difference in the long run, but it would have helped a bit. It is good that interest rates aren't 0 or near 0. We needed to bite the bullet.

There has been current waves of layoffs now, so that is a bit concerning. I think the interest rates will be dropped next week which may give a boost a bit. Some of this is just uncertainty due to being election year. I think things will be settled a bit after Q4.

[anusinha]

A lot of that job growth is part time jobs being taken up by people with other part time jobs. Labor force participation is very low, there are 10s of millions of working age people not officially working.

[The_Reverend]

Originally Posted by Scottish Punk

Those numbers show 4.5 million job growth. But yes, the media overstates it a bit since "growth" shouldn't count the covid people going back to work. There has been growth, employment is higher than pre-covid. I actually think the current administration (and more specifically the FED) has done a pretty good job. Inflation was a problem and we are still 1% higher than it should be. I would have liked one less round of Covid stimulus, not sure how much that would have been a difference in the long run, but it would have helped a bit. It is good that interest rates aren't 0 or near 0. We needed to bite the bullet.

There has been current waves of layoffs now, so that is a bit concerning. I think the interest rates will be dropped next week which may give a boost a bit. Some of this is just uncertainty due to being election year. I think things will be settled a bit after Q4.

My mistake. The number is 16 million and not 26 million. Oh yeah, they just removed 1 million for overstating.

[Torro]

Some rare stuff of all-time greats is moving up, this could potentially trigger people holding some stuff to put them on the market and the supply overwhelms the demand, moving the prices back down.

Therefore the question: how many of you are holding some rare cards of all-time greats and waiting eagerly better times to sell them?

[tjforce]

Originally Posted by Torro

Some rare stuff of all-time greats is moving up, this could potentially trigger people holding some stuff to put them on the market and the supply overwhelms the demand, moving the prices back down.

Therefore the question: how many of you are holding some rare cards of all-time greats and waiting eagerly better times to sell them?

I'm holding rare cards of all time greats and eagerly trying to buy more....same as the last 5 years, only there seem to be more opportunities out there right now to get things at reasonable prices.

The key stuff ain't getting cheaper any more.

[Starman101]

Originally Posted by tjforce

I'm holding rare cards of all time greats and eagerly trying to buy more....same as the last 5 years, only there seem to be more opportunities out there right now to get things at reasonable prices.

The key stuff ain't getting cheaper any more.

I'll admit I thought PSA 10 MJs are way overpriced but there are still many I think are good buys especially those with pop less than 100

PSA has graded millions of cards and some PSA 10 Jordans and even PSA 9s of the rarer and / or condition sensitive 90s stuff seems to keep trending higher

Im very curious to see what will happen in another 5-10 years