The Giant English Market Thread

[null_user]

@Cerulean

@rainbow

If I recall, it was thought the dip would occur because of the recession it would cause, not covid itself. Which is still very much a possibility.

Quarantine was the major factor that boosted solitary hobbies during isolation. Once the isolation lifts then it doesn’t become too much of a stretch to think that many may shift their attention towards other things, and choose to cash out rather than save to complete a set they started collecting, only to be priced out of before they could blink.

The recession, however, will remain a large factor, the economy doesn’t instantly repair itself just because covid eases. The economic fallout can still bludgen the collectors market. The recession could be the thing that ushers in a retrace as perhaps more and more people find themselves in further hardship. So I wouldn’t be too quick chide anyone at this stage as it is still very early.

We have been fortunate enough to see the market test new highs, which is a great signal for the future strength of the hobby. But its a bit bitter-sweet as the market hasn’t run a clean race, it had a boost of steroids.

Well yeah obviously lol. I don’t think anyone assumed that the virus itself would cause a dip in prices.

I do agree that quarantine could have boosted prices, but it’s also important to keep in mind that prices were rising before COVID even hit. There was significant movement in PSA 9 1st Ed. WOTC holos, for example.

Again, do I think some cards will retrace? Yes. Like I said: there are some obvious offenders. Do I know for sure what prices are going to do? No. No one does. But do I think the market is in a good place and will continue to flourish overall? Absolutely.

You assumed the stated correlation was to covid and not the recession. Saying it was really funny that people said the market would suffer in the short term, alluding to now, as if it was already over. They were suggesting that the short term would be in reaction to the recession. I don’t think your interpretation was accurate.

You also said quarantine Could have boosted prices*.* I think it’s pretty clear. Did you see my other post? Prices and sales were very subdued in the lead up to covid, compared to 2018.
You are right no-one knows the future. So why laugh at those willing to discuss possible outcomes, instead of getting into the echo chamber, or joining a circle jerk. Since you can’t know the future, you can’t really gloat about being on any particular side of it, right?
If people become too afraid to view or share alternative views or concerns, then they become blind to both opportunities and risks. How about we all stay grounded?