RE:27 MONTH DOWNTREND FOR REITSgaryreins wrote: I dont know, maybe thats not a long time for a hiking cycle, but factoring in they did go to the HIGHEST IN 20 years after an era of ultra low rates, with covid shennanigans all over and then some, and all central banks like Europe, bank of england and others ready to cut any month now, its time for the uptrend to start. Except the charts would indicate otherwise.
POWELL AND BIDEN MUST GO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It's astonishing how someone can manage to misunderstand both basic economics and simple chart reading while simultaneously yelling for the removal of major political figures. Your post is a textbook example of why some people should refrain from commenting on topics they clearly don’t comprehend.
First, your grasp of the hiking cycle and REITs is laughably shallow. The 27-month downtrend isn’t just a random stretch of bad luck; it's a direct result of macroeconomic adjustments following a period of historically low interest rates. This isn't some whimsical "COVID shenanigans" scenario – it's the natural ebb and flow of the market reacting to drastic changes. Any competent investor would understand that markets, particularly those as complex as REITs, are influenced by a myriad of factors beyond just interest rates.
Furthermore, your assertion that "all central banks like Europe, Bank of England and others are ready to cut any month now" is blatantly false and misleading. The decisions of central banks are based on comprehensive economic indicators, not your whimsical predictions. If you spent even a fraction of your time actually reading economic reports instead of crafting baseless rants, you’d know that the trajectory of interest rates is far from your imagined reality.
And as for the ridiculous call to oust Powell and Biden – such a statement only serves to highlight your lack of understanding of both monetary policy and democratic governance. Powell’s role as the Federal Reserve Chairman is to navigate the economy through complex waters, not to cater to the oversimplified demands of armchair critics. And blaming Biden for your poor grasp of market trends is as absurd as blaming the weather for a bad hair day.
In short, next time you decide to share your "insights," consider doing some actual research first. It might save you from further embarrassing displays of ignorance.