TSX:AX.PR.E - Post by User
Post by
SNAKEYBOYon Sep 19, 2023 12:36pm
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Post# 35643620
At my witts end
At my witts endGuys man, ever since March regional banking massacre these reits have been scraping the barrel. Rallies exhaust in record time and bend over in a blink of an eye. While treasury yields and inflation and crude are on a parabolic uptrend. If I was central banks, I would at least be asking the question, "is what we're doing even working?". Rates take credit for inflation going down, but when it goes back up its a mystery, or need more hikes. Like Mr Evanstandour, a very respectful investor, cites "cyclical bottom" doesnt mean there's not a lot more downside in the REIT trade before it turns.
We really need a liquidation event. I never thought it would come down to Samir pulling the impossible. But here we are.