Has the "stock market effect" ended?

RegistryCoin

We've seen, in the past, that when the market did well, money went into coins. When the market tanked, the money was gone.
With the lastest drop of the tech stock sector, among others, I think we've seen a reverse effect. Perhaps due to the drop of the techs, the Enron situation, or people's 401Ks, the money has remained in coins, and maybe even increased during and following the latest stock market downturn. What do you think?

Higashiyama

I cannot offer any empirical evidence, but would offer a theory.

I think there is a fairly widely held view (not evident a few years back) that after 20 years of strong market performance, even with recent declines, the market is either fairly valued or overvalued, and returns over the next 10 years are likely to be much more modest than we had become accustomed to. In this situation, I suspect there is an uptick of new disposable income into collectables, including coins.

During the stock market run-up, a kind of wealth effect led to money going into coins. Money is now going into coins as an alternative investment.

CarlWohlforth

I don't know about anybody else but the stock market effect is still strong with me.

That is I was buying like crazy during the dot com boom. I never sold. Then the bubble burst and so did my account. So no more coin budget. So I had to sell off coins to raise cash for more coins.

I don't expect the market to recover to the point where I can buy indiscriminately ever again.