I think the bull stumbled and the bear is coming out of hibernation.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Bulls and bears belong on Wall Street not on the auction floor or the bourse. Average collectors lose nine times out of ten, when they try to time the markets.
I'll repeat it again, tops are formed when there are lot of buyers, and few sellers. Bottoms the opposite. By definition, the average person attempting to time the market will buy near the top and sell near the bottom. That's how markets work. A very few exceptional people can time the swings, but they don't need anyone's advice, and rarely will disclose their moves in public.
I personally believe the long awaited change in market conditions has emerged. There are still value buys to be had, but there is a ton of Junk and overpriced coins including some very nice one. The key is being able to adjust whether you collect or deal. Those who can succesfully, will adapt, those who cant will be left behind and some will even take it in the shorts.
<< <i>Bulls and bears belong on Wall Street not on the auction floor or the bourse. >>
I disagree with ya. The coin industry is greatly affected by factors outside the coin collecting circles, The Stock Market is a big one...
I'm an auctioneer, Live auctions and ebay auctions. I buy and sell anything and everything including but not limited to coins, currency, antiques, collectibles, rental property, stocks and bonds. By playing the market that is "Hot" and holding the market that is not, I seem to make a pretty good living. I cross compare markets constantly looking for trends, like when wall street is taking a beating, I start digging out the gold & silver because battered traders are looking for the stability of metals. As more and more stock traders look for ways to diversify their position gold and silver prices creep up.
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'll repeat it again, tops are formed when there are lot of buyers, and few sellers. Bottoms the opposite. By definition, the average person attempting to time the market will buy near the top and sell near the bottom. That's how markets work. A very few exceptional people can time the swings, but they don't need anyone's advice, and rarely will disclose their moves in public.
jim
<< <i>Bulls and bears belong on Wall Street not on the auction floor or the bourse. >>
I disagree with ya. The coin industry is greatly affected by factors outside the coin collecting circles, The Stock Market is a big one...
I'm an auctioneer, Live auctions and ebay auctions. I buy and sell anything and everything including but not limited to coins, currency, antiques, collectibles, rental property, stocks and bonds. By playing the market that is "Hot" and holding the market that is not, I seem to make a pretty good living. I cross compare markets constantly looking for trends, like when wall street is taking a beating, I start digging out the gold & silver because battered traders are looking for the stability of metals. As more and more stock traders look for ways to diversify their position gold and silver prices creep up.
I'm a Tortoise