Monday, August 14, 2006
reits- update on the bubble
this was written in april of this year in usatoday (wallstreet left the reits for the most part in march&april)--whats important to note,, is the point still holds true,, and they risk/reward ratio is now at the highest alert level.
USATODAY.com
Real estate investment trusts boom
Friday April 7, 12:46 am ET
But the popularity of REITs might also be their undoing. Some investors are adding REITs to their portfolios simply because REITs have done so well, says Wachovia strategist Rod Smyth. The rise in REIT prices has driven their average annual dividend yield down to 3.4%, below the 10-year Treasury's 4.91% yield.--WE ARE WELL BEYOND THIS NOW
This suggests investors aren't being fully compensated for their risk. Real estate pros worry about that, Smyth says. "They've seen this before when people think things can't go wrong."
BLOOMBERG:
"...
Interest-rate futures contracts today priced in higher odds that the Fed will increase the fed funds target at least once more this year to 5.5 percent. The December futures contract's yield rose to 5.395 percent, putting the odds of a 5.5 percent rate by year-end at about 90 percent.
USATODAY.com
Real estate investment trusts boom
Friday April 7, 12:46 am ET
But the popularity of REITs might also be their undoing. Some investors are adding REITs to their portfolios simply because REITs have done so well, says Wachovia strategist Rod Smyth. The rise in REIT prices has driven their average annual dividend yield down to 3.4%, below the 10-year Treasury's 4.91% yield.--WE ARE WELL BEYOND THIS NOW
This suggests investors aren't being fully compensated for their risk. Real estate pros worry about that, Smyth says. "They've seen this before when people think things can't go wrong."
BLOOMBERG:
"...
Interest-rate futures contracts today priced in higher odds that the Fed will increase the fed funds target at least once more this year to 5.5 percent. The December futures contract's yield rose to 5.395 percent, putting the odds of a 5.5 percent rate by year-end at about 90 percent.
market valueations
anyone notice cramer and motleyfOOLZ have been the recent markers of peaked tops?,, ok,, not so much recent,, almost constantly. i could go into great detail,, while both try to spew the 'buffy pump' anyway,, gordon fowler was on bloomberg today and he gave a longer detailed formula/reason why this market is not 'pe' cheap,,, it makes far more sence than buffy's throw a dart program at popular names. (today he DISCOVERED JNJ---------ROFLMAO! JUST HOW MANY SPLITS AND DIVS DID HE MISS? DID HE MISS THE WALLSTREET ADMITANCE THAT JNJ PAID PFE TOOOOOOO MUCH FOR A PRODUCT LINE????? sounds just like his recent wmt+ge purchases,, he just needs more bagholders..
something i forgot to note in my earlier post.. a reporter asked a question to an analist,,, why do stocks with really bad news go up on the nyse? he said he had no clue as to why that is,,,,,,,,,, er,, wallstreet pays those specs well to price stocks where they can find suckers willing to buy. news earilier today is wallstreet is looking at another +15%higher bonus this year. guess they gotta pay them well now before the computers replace them next year.
something i forgot to note in my earlier post.. a reporter asked a question to an analist,,, why do stocks with really bad news go up on the nyse? he said he had no clue as to why that is,,,,,,,,,, er,, wallstreet pays those specs well to price stocks where they can find suckers willing to buy. news earilier today is wallstreet is looking at another +15%higher bonus this year. guess they gotta pay them well now before the computers replace them next year.
pisani drank his own koolaide
and now he is trying to swallow or spit up lol. kudlow told us to 'sell on the trumpets' --that would be the cease fire,, although there is a tad of ground war still going on. remember this whole rally was based on the isreal conflict, not on how great we are doing. meantime,, cnbc running all the buttercup anals they can on cnbc. maybe they should read up on what the leaders of the companies are fearing. anyway,, the pitcher of koolaide is almost all drank,, now we have to see who can drive us all home.
more and more companies trying to get listed on the nyse,, i'll bet they are.. the spec arent tanking those stocks on f/a,, nope,, they are playing prop for a pump. nasdaq is really only were you can get somewhere near 'fair' pricing as there are too many 'specialist' to control the pricing. even buffet's spec has noted this on tv that buffet tells him how to price the stock.
anal bear sterns came out with a late pump on F and bash on GM,, not on real dd,, just because they think NOT KNOW that the worst days are behind the stock... i would like to know how F employee stock options always paid off for insiders all the way down and back up again.-wallstreet fraud at its best:)
kudlow and cramer will be on soon to pump up the traders as wallstreet hopes traders buy it tuesday morning. art cashin was pumping that the foreignors were buying our stocks,,, that funny,, cause it sure looked like bait&tank this morning,, and only a fool would bid up the markets at this juncture.
cnbc last friday was worried that the fed has to raise again or todays version,, they went too far,,,,,,IM SORRY,, BUT DO YOU READ EITHER COMMENT AS SOMETHING POSITIVE FOR THE MARKETS? I DONT.
UTAH governor decided to let naked shorting to continue,, you can read about it on FFH news.. and as you can see by the chart,, naked shorting on stock with 'pump&oops' news is almost like a rightful invite for naked shorting on any dummy who would buy that stock. i see C is still holding the CYN bag,, they better get a better advertising agent soon for that dog. wallstreet journal finally noting the 'buy banks for when the rates stop' may not be the thing to do this time around.........well, duh!- who the heck even knows whats in their books and whats not,, they dont even abide by basel II,, i wouldnt be 1 bit surprised to find out down the road 1 or more banks was just another enron.
well boys&girls,, lets see how the cnbc morning crew and tonights pumpers kudlow&cramer have to say.
more and more companies trying to get listed on the nyse,, i'll bet they are.. the spec arent tanking those stocks on f/a,, nope,, they are playing prop for a pump. nasdaq is really only were you can get somewhere near 'fair' pricing as there are too many 'specialist' to control the pricing. even buffet's spec has noted this on tv that buffet tells him how to price the stock.
anal bear sterns came out with a late pump on F and bash on GM,, not on real dd,, just because they think NOT KNOW that the worst days are behind the stock... i would like to know how F employee stock options always paid off for insiders all the way down and back up again.-wallstreet fraud at its best:)
kudlow and cramer will be on soon to pump up the traders as wallstreet hopes traders buy it tuesday morning. art cashin was pumping that the foreignors were buying our stocks,,, that funny,, cause it sure looked like bait&tank this morning,, and only a fool would bid up the markets at this juncture.
cnbc last friday was worried that the fed has to raise again or todays version,, they went too far,,,,,,IM SORRY,, BUT DO YOU READ EITHER COMMENT AS SOMETHING POSITIVE FOR THE MARKETS? I DONT.
UTAH governor decided to let naked shorting to continue,, you can read about it on FFH news.. and as you can see by the chart,, naked shorting on stock with 'pump&oops' news is almost like a rightful invite for naked shorting on any dummy who would buy that stock. i see C is still holding the CYN bag,, they better get a better advertising agent soon for that dog. wallstreet journal finally noting the 'buy banks for when the rates stop' may not be the thing to do this time around.........well, duh!- who the heck even knows whats in their books and whats not,, they dont even abide by basel II,, i wouldnt be 1 bit surprised to find out down the road 1 or more banks was just another enron.
well boys&girls,, lets see how the cnbc morning crew and tonights pumpers kudlow&cramer have to say.