Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 134.64

+4.6%

Nov 5 3:59 PM EST

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To: isopatch who wrote (10286)	8/30/2020 3:06:58 PM
From: Kirk ©	1 Recommendation Recommended By Lee Lichterman III Read Replies (1) of 26422

Yeah, that seems possible. FA and old metrics say the markets are over valued but oddly much of my TA says this is just the start of a breakout of the preCOVID19 peak high resistance levels. Interesting local trade-offs here.... Do the super liberal leaders let squatters live rent free since they lost their jobs? More homeless is a political nightmare for elected officials even if it means the mom and pop owners of second and third rental properties go bankrupt or at a minimum default on the loans and lose their property. I've heard stories of where some have jobs and/or get the extra payments from government so they can keep paying their rent, but they keep the money knowing they won't be evicted and skip paying rent. Some aren't even making partial payments of what they can afford. It may even be illegal now to do credit checks as it puts poor minorities at a disadvantage.... not sure if that law has passed yet so the downside is they eventually get evicted next year and find a cheaper place to live with a new lease in cities abandoned by well paid workers... All the unintended consequences makes my head spin.

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