Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 148.38

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10:16 AM EST

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To: robert b furman who wrote (9190)	4/14/2020 10:47:29 PM
From: Kirk ©	Read Replies (1) of 26598

Maybe you are like me and find when you shop now that you spend more rather than wait or come back for something cheaper. I paid about 150% more today for a pack of Prime NY Steaks than I pay for a good sale price on Choice. I bought several other items at full price rather than wait for sales or take multiple trips. There really is no reason to be so "thrifty" other than habit so I may get used to this and that is what made me think the market is discounting "The Roaring 20s." With so many getting an extra $600 a week for their unemployment checks that pays them more to stay home than not work, my guess is we'll be surprised at how much spending occurs when they open the cities again. A lot of the failures will be small businesses that can't make good use of the SBA loans or their Oakland, CA tenants decide to not pay rent again, forever... but most of the big companies we buy stocks in, should do really well. And don't forget TINA will have gained a TON of weight, especially with the Fed Funds now near zero.

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