13 Apr
2005
13 Apr
'05
11:42 a.m.
On Wed, 13 Apr 2005, vrs wrote:
Sure, and some people can be correct when they use that term while others
will be incorrect, or will be using it in an incomplete sense. If we are
going to agree to use a common language we must also agree to use common
definitions of the words in that language. Until now, I've never seen
anyone try to define "The Market" as "eBay".
--
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However, expecting everyone to have known or cared
enough to follow your
links and figured out who you are and what you do, is a bit of a stretch. I
have followed the links, and still have, at best, a hazy notion of how your
days are spent. Which is (or should be) OK.
I don't understand how anyone could confuse me with being a "dealer".
I understand your frustration, but I still disagree.
Ebay is "the market"
in a sense similar to the way we say wall street is "the market". That is
the place where large (relatively) numbers of buyers and sellers are doing
business. It simply does not matter that you, or Warren Buffet, can get
better deals elsewhere.
I'm afraid you've boiled economics down to a simply unreal and nonsensical
interpretation.
Each of these venues has a rational price for the
item. (Even my friend,
who is no doubt hoping I can help figure out his power supply problem.)
Which one we call "the market" should depend on which is available to the
average buyer.
They are all part of The Market. There is no one place that you go to and
that is "The Market(TM)" with the reference prices for the rest of the
world to follow. What you mentioned (that I snipped) are all various data
points of The Market. Somewhere in there is The Market Value. You are
confusing points in The Market with The Market itself.
How many times
does it need to be repeated that eBay is NOT the Market? I
know a lot of people got into this hobby by assembling their collection
from eBay and so it is all they know, but understand that eBay is ONE PART
of the Market, and to think that the world is eBay, and eBay is flat, and
you fall off the world at the edges is foolish.
Sure, but we still have the semantic quibble about what people mean when
they say "the market" :-).