Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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12:19 PM EST

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To: the longhorn who wrote (10085)	7/10/2020 9:31:55 AM
From: robert b furman	1 Recommendation Recommended By the longhorn Read Replies (1) of 26856

Good morning longhorn, Many of my Wisconsin friends are now retired (high school school mates). The Wisconsin lifestyle is eating out 2-3 times a week and visiting friends at a bar or bowling lane. Most of that has been stopped. Several of my friends have noted , they have more money in their checking account. They also say its pretty nice. I think their spending habits may be changed for longer than expected. Fear of Covid is very minimal in rural Wisconsin. Very little here. Thank God. Bars still not being frequented and all brat frys are canceled. That's the weekend fun of a Wisconsin summer. High school sports up in question. Baseball was scratched this spring. Even high school is of question. Earnings for Q2 will be all over the place - much like futures this morning. This pandemic is so confusing. There are some articles out there that have reviewed Dividend Aristocrats and their dividend consistency. They do better in a market decline than average. It is a tribute to their business sector in that the product / service they provide is stable in recession and recovery. Of course the corollary to that is they do not have TSLA like runups. I'm of the mindset that any purchase made will be for the long run buy and hold. The key to being happy with the purchase is the dividend continues and or increases slightly and the stockholders are happy with the yield being received. Energy has been slapped around since 2014. Capex has been slashed. Well depletion is as reliable as time decay and consumption is close to the same level as 2019 peaks. Low energy prices is like a tax cut and the consumer with employment will have money to spend. Low interest rates allow cheap debt for the consumer - housing is proving that - cars and land sales too. We'll get past this with anti-bodies and vaccines or herd immunity. In between a world full of money is sloshing around. QE always works itself into the equity markets regardless of what they call it. Governments buying bonds! Those that monetize the debt, get a cheaper currency and a more competitive products. Let's bring the manufacturing home and lead the world into expansion. My bet will be even a bit of inflation in the future years. I'm having a Mexican chicken enchilada and venison taco party with margaritas for my buddies who mowed my grass while I was in Texas tomorrow. Have to go buy the ice, beer, and chips. Planned on mowing the grass today but it has rained every day for 4 days. My ag land was no till seeded about 10 days ago. Beautiful green little alfalfa shoots popped up yesterday. Looking forward to my rolling hills being a pretty green for the next 2-3 years. Steve Felix does a nice job regarding source info on dividend aristocrats at his thread: Subject 56874 Bob

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