Debbie downer here
No that is not my real name for you purists!
AS I sit here in the wee small hours in the morning.... I was glancing through the boards.
I started to think about turnaround times for the various grading services (henceforth called bananas so I don't start a flame war in this post). I guess the backup in wait times is due to the uptick in pricing on coins in general? Higher prices tends to bring out more turnover as those sitting on coins for awhile send their merchandise to the Bananas. Higher turnover means those raw coins need to be graded. Thus more auctions, new high prices and an overall good feeling emerges within the hobby. I can tell you about how smart I am witnessing 10/20/30 % gains on what I bought only a few years ago. Insert brains and a bull market here. Is the trade getting easy? Will easy money cause the trend to continue? Is it too early to monitor the environment for a turndown? Should I be thrown off the boards for even broaching the subject?
Thus I think about what would be early indicators that the game could be a bit frothy? The yield curve is only in the high 2's so is the FEd really tightening, at this point or still subsidizing inflation? Meaning, someone turned turned the music down somewhat but not really in a meaningful way as of yet?
I guess my rambling is for the Vets who have seen cycles in the coin markets over the past 30-50 years. Did the hobby mirror the metals markets? inflation? General economy? New hobbies on the rise ? Something else? Once the turn came, how quickly did liquidity disappear? Anything else you would like to add?
As i said, call me Debbie Downer for asking questions?