Yeah but the Coronavirus is expected to go longer. And it’s gonna be hard for the market more than 6.6 million layoffs.
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The Home 2 and Tru Hotel is going on the McDonald’s, block correct? If so, I think we should switch the office and residential/hotel towers and have the taller office adjacent to the NCAE block and the shorter residential next to the Home 2 and Tru to make a better taper effect from all angles. Also, add some 15-20 story buildings on the block where the Lincoln theater is, preserving it of course.
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SSSHHHH! Boltman is listening.
Haha, yup and buying up cheap stocks. 
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Bought more yesterday, @Boltman.
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Should accuse you of insider trading lol. You should be a billionaire soon. LOL the North Carolina Warren Buffett 
Or the town fool. We shall see how this episode plays out…
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If I felt 100% secure that I would keep my job through this, I’d be buying stocks right now too.
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We aren’t even at the mini dust-up level of where stocks hit in 2016. Having that as the closest reference point, there will be much lower lows for something that has true economic consequences as this. There was a reason the FED had to flood the equity market with trillions of $ last week. Patience will be rewarded.
I mean, I’m buying some too but I don’t expect a full bounce back in a few months. More like 5 years. 10 million unemployment claims? Any development in DTRaleigh not Kane or not started (including those hotels on topic) is currently on pause and will be dead in the water completely by year’s end…my prediction. 5 year horizon before the market returns to 29k. Also when the COVID lockdowns get extended to May and June the market will further tank each time and more stimulus and national debt will come. 5 year horizon might be generous. (this is where Boltman and I playfully differ)
Mr. Bolton thought you was a crypto man lol ?
being this has become the investment channel. I have lately been buying preferred stock in fairly safe companies where the preferred stock is trading below the call price. That way get preferred dividend payments and some protection against capital lost. There has been a lot of “throwing baby out with bathwater” going on the past couple of weeks. While safer that regular stock still have have to be careful which companies you buy. I am interested in receiving cash that can withdraw without having to sale a stock. So far am down ~30% in value but monthly cash flow has actually gone up a little. As in all investing there is no fool proof investment but at 70 I am more concerned about spendable cash. I’m way past worrying about capital gain and more concerned about cash payouts. LOL I’m still writing off loses from 2008-09 as result of great high flying stocks that crashed all the way to pennies and to bankruptcy before even knew what was happening.
EDIT - couple to the crash and burns happen while was offline on a little over 3 week tour in Tibet.
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Exactly, most of the good bids roll in at the last minute.
Nah, I’m old. I like the blue chip dividend stuff. Or high quality corporate bonds. I like to get paid to wait.
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Scotch and I think alike.
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Yeah, that definitely is the way to go. However, I’m still waiting to buy. I still think it’s too expensive right now. The PE ratio is still way above what’s historically normal, (average is 15 over 80 years where right now we’re still at about 19), and only going to go up once the lower earning reports hit. Plus, average recession correction is about 40% from the peak, we’re at about 25%, still a bit to go I think. The bad news haven’t all been priced in yet due to all the uncertainty.
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That’s the big question - how much is priced in and what not. It’s near impossible to time the bottom I suggest to sit down look at the positions you want to buy, at which prices, mark it down, stick to it and buy in at parts. Be consistent and patient
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Agreed. I personally am thinking the S&P is still too overpriced. While I’m more playing the long game and perfectly fine with a 5-10 year return, I’m waiting for the PE ratio to go down a bit more before I’ll put a position down. It doesn’t have to be the bottom, i just think we’re no where close to the bottom yet. I guess you say i’m pretty pessimistic with my outlook.
Let’s fill in all this open space! Hopefully another shot like this in 2 years to see construction starting?
Click and drag to interact:
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Hoping by that time something will be in the works for one or both of the surface lots to the northwest as well. Or by 5 years at the most.
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