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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: edward miller who wrote (9631)	5/3/2020 1:49:02 PM
From: Kirk ©	Read Replies (2) \| Respond to of 26450

Thanks. I did an update of the chart and found the percentage gained from the low equals within 1% the percentage drop... roughly 44% I dumped all REITs, admittedly a little late. Since I can't envision people going back to the old normal I am quite pessimistic about the situation in RE. There are so many rents to pay, mortgages to pay, or not. Taking on debt assumed a normal continuation of business that now will never be the same. One reason to ask is with a rally of over half the drop back... not a bad time to look at trimming. I trimmed a lot last year and didn't add on the drop... so no real urgency, but I always like to look and hear what others are doing. It will be interesting to see if Buffett added to or sold any REITs...