Is the economy effecting your buying/selling ?
edmundfitzgerald
Posts: 4,306 ✭✭
Anyone noticing a drop in sales/purchases, or is it about the same ?
0
Comments
Chris
My small collection
Want List:
'61 Topps Roy Campanella in PSA 5-7
Cardinal T206 cards
Adam Wainwright GU Jersey
collecting RAW Topps baseball cards 1952 Highs to 1972. looking for collector grade (somewhere between psa 4-7 condition). let me know what you have, I'll take it, I want to finish sets, I must have something you can use for trade.
looking for Topps 71-72 hi's-62-53-54-55-59, I have these sets started
Ron
Buying Vintage, all sports.
Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items
<< <i>Yes. I am stockpiling cash in the hopes that people will panic and start selling their collections at rock bottom prices. This stuff is cyclical, and if it weren't for the mainstream media trying to turn this into the Great Depression, Part II, in an effort to influence the election we would be fine.
Ron >>
Well said, I agree.
Jason
according to my values and my needs. Nothing holds dominion over me, I stand alone as the ruler of my life.
<< <i>
<< <i>Yes. I am stockpiling cash in the hopes that people will panic and start selling their collections at rock bottom prices. This stuff is cyclical, and if it weren't for the mainstream media trying to turn this into the Great Depression, Part II, in an effort to influence the election we would be fine.
Ron >>
Well said, I agree.
Jason >>
Me three.
Steve
Anyways, I haven't taken any measures to decrease my spending on sports cards but I am looking forward to cards getting cheaper as more folks have to liquidate or stop buying in order to pay the bills.
Robb
http://sportsfansnews.com/author/andy-fischer/
<< <i>Definately down, new kid may have something to do with it as well. >>
Same here.
ebay i.d. clydecoolidge - Lots of vintage stars and HOFers, raw, condition fully disclosed.
Ron
Buying Vintage, all sports.
Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items
Loves me some shiny!
Oh wait, wrong topic and forum. Nevermind.
Back to my quest for a reasonably priced '73 Dwight Evans in PSA 9
1977 Topps Mexican #3 (Rushing Leaders)
1977 Topps Mexican #89 (McDaniel)
1971 Kellogg's #1 (Simpson) - uncracked
1971 Kellogg's #2 (Seaver) - uncracked
1956 Mays
1956 Y.A Tittle
1958 Mantle
1961 Fleer BKB Oscar Robertson RC
Am not buying anything to try and flip for a profit, like I was last summer.
However, I'm doing ok financially, as my wife and I both have secure jobs, and we've been heavily invested in gold, oil, and international stocks since about 2003/2004 and therefore are doing relatively well in the stock market.
If you really think that then good for you. I look at things here in Sacramento like housing prices down 30-40% in the last two years, unemployment up, retail sales down, TONS of empty office space, and I talk to people here. Can't speak for other parts of the country but people here, not the media, make me feel we are in some kind of negative economic situation (call it a recession or whatever you want).
<< <i>
<< <i>Definately down, new kid may have something to do with it as well. >>
Same here. >>
and same here too.
//////////////////////////////////////////////////////////////////////
That light is a DEPRESSION train headed for the entire world.
"This is going to get out of control. It's goint to get out of
control, and we will all be lucky to live through it."
Giovanni
To funny, I couldn't resist. Theres 2 videos that I find very funny, one is a family guy who's in debt up to my eyeballs, and the other is a guy who lives at home. The guy who lives at home is always gona buy more cards, and the family man has to suffer and buy less, or buy as much as he wants and be in debt up to my eyeballs
Rich guy that lives at home
"I'm in debt up to me eyeballs" TOOOOOOOOO FUNNY!!!!!!!!!
Giovanni
Clear Skies,
Mark
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
<< <i>Ya, it's just the media.
If you really think that then good for you. I look at things here in Sacramento like housing prices down 30-40% in the last two years, unemployment up, retail sales down, TONS of empty office space, and I talk to people here. Can't speak for other parts of the country but people here, not the media, make me feel we are in some kind of negative economic situation (call it a recession or whatever you want). >>
Sacramento doesn't count.
I have a good job and very secure. I'll be looking to buy some wanted cards over the next couple of years. Mostly Mantles of course.
<< <i>I wonder if oil prices will fall big if a democrat takes office. . >>
I think both Obama and Clinton said they'd go after Exxon Mobil and the such. Doesn't mean they'll have any success, but
they did say they'll go after them.
It's all gesturing anyway. Traders bid up the price of oil and gold based on a weak dollar. If the dollar was stronger, and the economy
was better, then we'd see oil much lower. I don't think congress can get lower oil any better then a stronger dollar can.
So I think it's all talk. You can blame oil on Bush, Clinton, Arabs, or whoever you want, but I believe Economics 101 teaches that
a strong dollar will always keep commodities lower.
<< <i>"...there are some things they have mentioned that show there is a light at the end of the tunnel. "
//////////////////////////////////////////////////////////////////////
That light is a DEPRESSION train headed for the entire world.
"This is going to get out of control. It's goint to get out of
control, and we will all be lucky to live through it." >>
Sounds like you have been listing to the media WAAY to much, doom and gloom, fear and loathing, trying to influence a campaign. A Wise man once said
"the diffrence between a depression and a recssison is
- that a recission is when people are talkin about how they lost their jobs, a depression is when you lose yours"
BTW we need to stablize the housing market, so STOP telling people it is a bad time to buy!
Steve
////////////////////////////////////////////////////////////////////
Great time to buy.
You should soon get many of 'em for about 40% of the 2005 mortgage.
Steve
...and I am still working on 8 sets and hope to have 4 of them completed soon (57,68,71,72).
Economy is cyclical.
If I want an affordable card, I usually buy it. Set the snipe and leave it at that. Not going nuts, though.
The legend lives on from the Chippewa on down
Of the big lake they call Gitche Gumee
The lake, it is said, never gives up her dead
When the skies of November turn gloomy.
With a load of iron ore - 26,000 tons more
Than the Edmund Fitzgerald weighed empty
That good ship and true was a bone to be chewed
When the gales of November came early
The ship was the pride of the American side
Coming back from some mill in Wisconson
As the big freighters go it was bigger than most
With a crew and the Captain well seasoned.
Concluding some terms with a couple of steel firms
When they left fully loaded for Cleveland
And later that night when the ships bell rang
Could it be the North Wind they'd been feeling.
The wind in the wires made a tattletale sound
And a wave broke over the railing
And every man knew, as the Captain did, too,
T'was the witch of November come stealing.
The dawn came late and the breakfast had to wait
When the gales of November came slashing
When afternoon came it was freezing rain
In the face of a hurricane West Wind
When supper time came the old cook came on deck
Saying fellows it's too rough to feed ya
At 7PM a main hatchway caved in
He said fellas it's been good to know ya.
The Captain wired in he had water coming in
And the good ship and crew was in peril
And later that night when his lights went out of sight
Came the wreck of the Edmund Fitzgerald.
Does anyone know where the love of God goes
When the words turn the minutes to hours
The searchers all say they'd have made Whitefish Bay
If they'd fifteen more miles behind her.
They might have split up or they might have capsized
They may have broke deep and took water
And all that remains is the faces and the names
Of the wives and the sons and the daughters.
Lake Huron rolls, Superior sings
In the ruins of her ice water mansion
Old Michigan steams like a young man's dreams,
The islands and bays are for sportsmen.
And farther below Lake Ontario
Takes in what Lake Erie can send her
And the iron boats go as the mariners all know
With the gales of November remembered.
In a musty old hall in Detroit they prayed
In the Maritime Sailors' Cathedral
The church bell chimed, 'til it rang 29 times
For each man on the Edmund Fitzgerald.
The legend lives on from the Chippewa on down
Of the big lake they call Gitche Gumee
Superior, they say, never gives up her dead
When the gales of November come early.
<< <i>"BTW we need to stablize the housing market, so STOP telling people it is a bad time to buy! "
////////////////////////////////////////////////////////////////////
Great time to buy.
You should soon get many of 'em for about 40% of the 2005 mortgage. >>
What do you mean soon? Some areas are already there, buyers are out there and there is pent up demand. For many reasons going back to 2002, feel free to PM for a list, the market was on a downward spiral. I have had 10-15 people EVERY weekend at my open houses in Cambridge. Who says there are no buyers, when the news media finally says it is a good time to buy, it's gonna be too late, and we will have laready had the "dead cat bounce". Again great time to buy!
Yes rates are cheap, but nobody is willing to commit, unless of course you have 20% to put down.
Steve
<< <i>We have another child on the way - number three - but really haven't felt a pinch yet.
Economy is cyclical.
If I want an affordable card, I usually buy it. Set the snipe and leave it at that. Not going nuts, though.
The legend lives on from the Chippewa on down
Of the big lake they call Gitche Gumee
The lake, it is said, never gives up her dead
When the skies of November turn gloomy.
With a load of iron ore - 26,000 tons more
Than the Edmund Fitzgerald weighed empty
That good ship and true was a bone to be chewed
When the gales of November came early
The ship was the pride of the American side
Coming back from some mill in Wisconson
As the big freighters go it was bigger than most
With a crew and the Captain well seasoned.
Concluding some terms with a couple of steel firms
When they left fully loaded for Cleveland
And later that night when the ships bell rang
Could it be the North Wind they'd been feeling.
The wind in the wires made a tattletale sound
And a wave broke over the railing
And every man knew, as the Captain did, too,
T'was the witch of November come stealing.
The dawn came late and the breakfast had to wait
When the gales of November came slashing
When afternoon came it was freezing rain
In the face of a hurricane West Wind
When supper time came the old cook came on deck
Saying fellows it's too rough to feed ya
At 7PM a main hatchway caved in
He said fellas it's been good to know ya.
The Captain wired in he had water coming in
And the good ship and crew was in peril
And later that night when his lights went out of sight
Came the wreck of the Edmund Fitzgerald.
Does anyone know where the love of God goes
When the words turn the minutes to hours
The searchers all say they'd have made Whitefish Bay
If they'd fifteen more miles behind her.
They might have split up or they might have capsized
They may have broke deep and took water
And all that remains is the faces and the names
Of the wives and the sons and the daughters.
Lake Huron rolls, Superior sings
In the ruins of her ice water mansion
Old Michigan steams like a young man's dreams,
The islands and bays are for sportsmen.
And farther below Lake Ontario
Takes in what Lake Erie can send her
And the iron boats go as the mariners all know
With the gales of November remembered.
In a musty old hall in Detroit they prayed
In the Maritime Sailors' Cathedral
The church bell chimed, 'til it rang 29 times
For each man on the Edmund Fitzgerald.
The legend lives on from the Chippewa on down
Of the big lake they call Gitche Gumee
Superior, they say, never gives up her dead
When the gales of November come early. >>
here is a video to go with your lyrics. hopefully this link works. been have a problem linking recently.
wreck of the edmund fitzgerald
So it's not ALL bad...
Jason
according to my values and my needs. Nothing holds dominion over me, I stand alone as the ruler of my life.
Jim Cramer
///////////////////////////////////////////////////////
The building is the "break-up fee," to be accepted as liquidated damages in the event BSC tries to
weasel out of the deal.
The deal now looks to be in trouble.
The whole transaction is likely to be found unconscionable, when the
top BSC boys get into court. BSC will still be a BK company; but changes
in the Fed's lending policies - started Monday morning - could give BSC
one more chance to fail/succeed.
EDITED TO ADD:
If the current Fed extensions (28-days v 90-days) had been in place Friday,
the deal would not have happened.
BSC is the MOST unpopular gang on the high-end of the Street. They have
never been team players, and they are un-skilled gamblers. They sealed
their fate in the early 90s, when they refused to join the stabilization-fund
to help other firms that were upside-down. They are now getting what they
deserve.
Malls are full, Mcfat burger has a line around the block, the Porn business is growing...
We are conversing on message board becasue of a shared love for plastic entombed CARDBOARD.
Tell me again what is ailing you? I bet it is the fact that $3 gas and $4 milk is beginning to eat into wholly
disposable income and because we are all unbelievably spoiled little entitlement leaches....we moan.
Anyone canceling cable? cell phone? selling the big screen to feed your children?
When I see porn revenue fall or plastic surgeons in soup lines...then I know we are in real trouble!
Loves me some shiny!
disposable income and because we are all unbelievably spoiled little entitlement leaches....we moan."
actually food prices are increasing at a disturbing rate. Eggs, bread, milk; consumer staples (all the important stuff for familes) along with gas are going through the roof. In turn will slow down or halt discretionary spending. $4 a gallon gas is a very real possibility. Folks won't travel, won't go on vacation. Air fares rise, cost of dining out is going up. We are in a very bad spot right now. Housing market has collapsed the stock market is extremely volatile.
I have actually cancelled 90% of the services on my phone, next up is changing my tv/cable/internet to save some money. This winter i lowered my heat by about 5 degrees. It all adds up. I make decent money and I own my house, I can't imagine what other folks are going through and its only going to get worse.
p.s.
Jim Cramer is a tool, shorts stocks that he bashes on his tv show. boggles my mind how anyone listens to those clowns on CNBC et.al.
mike
You think food is high now? I work in the industry and just wait until ethanol demand drives corn prices so high that things such as beef and cereal will double in price by 2009. How many here can actually use ethanol in their vehicles right now? It takes 20L of water to make 1L of ethanol, wonder why there are no ethanol plants in CA?
Water is the next shortage issue that will become huge in the next 5 years.
Because you don't grow corn in CA.
<< <i>Water is the next shortage issue that will become huge in the next 5 years. >>
If anybody is interested, there's a very nice ETF out there focusing on water companies called Powershares Water Resources (PHO). I've owned it since it first came out and it's been a nice steady investment for us.
As to some of the other issues people have raised, I think it depends on each individual's situation. I would agree that as a whole, however, sport card collectors are probably better off financially than the average person. I know my wife and I certainly are in that we both have secure jobs with six-figure incomes and have no debt.
As to buying and selling, I have a few items ready to sell, but am not going to list them until April/May when people have received their tax refunds and hopefully the economy has shown some signs of revival. I've probably have more cash available than most right now since I just received my $22,000 check from Mile High Cards for the stuff I sold in their recent auction.
So far, I've only bought two cards, a nice EX-MT raw 1958 Mantle with a $325 best offer (BIN was $475), and a PSA 9 1952 Bowman Casey Stengel for $910 (SMR is $2000), which I'm pretty sure I will be able to flip for a profit later on given that I only paid 46% of SMR. I'm focusing on the cards I want for my collection, but have set a few snipes on items with high profit potential at between 40-60% of SMR like the one that netted me the Stengel.
Matt
<< <i>"Tell me again what is ailing you? I bet it is the fact that $3 gas and $4 milk is beginning to eat into wholly
disposable income and because we are all unbelievably spoiled little entitlement leaches....we moan."
actually food prices are increasing at a disturbing rate. Eggs, bread, milk; consumer staples (all the important stuff for familes) along with gas are going through the roof. In turn will slow down or halt discretionary spending. $4 a gallon gas is a very real possibility. Folks won't travel, won't go on vacation. Air fares rise, cost of dining out is going up. We are in a very bad spot right now. Housing market has collapsed the stock market is extremely volatile.
I have actually cancelled 90% of the services on my phone, next up is changing my tv/cable/internet to save some money. This winter i lowered my heat by about 5 degrees. It all adds up. I make decent money and I own my house, I can't imagine what other folks are going through and its only going to get worse.
p.s.
Jim Cramer is a tool, shorts stocks that he bashes on his tv show. boggles my mind how anyone listens to those clowns on CNBC et.al. >>
My god. Life must suck.