Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

........ further to prior post about Reit headwinds

[DZtrader]

Just watching one if my favored shows, Bloomberg's Surveillance and their lead story is Moody's cutting NYCB to junk and the effect on banks , commercial real estate and the markets.

Great lead guest Tony Dwyer, softened things somewhat but suggested it is still an ongoing problem. Just another piece out there that continues to add uncertainty and pressure on the sector. Doesn't mean you shouldn't be sniffing around, I have been selectively nibbling. Is it too early, who knows, time will tell. Know what you own and be prepared to hold. 

Dwyer suggested cash has out performed and is buying weakness. I do like the flexibility of cash now at 5+ as noted in an earlier post. Get paid with no risk. I currently have highest cash position in a very long time but it has to go back to work, but will be patient and very selective.