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

When the euphoria fades.................

[DZtrader]

....................the shorts will reassert their pressure. The day is still young and yes it sure feels nice after such a route. I am speculating (just like any long would do) the shorts will see how strong/weak their trade is. I personally was wanting to see a 10% plus move here, that would indicate to me they would have taken this quite seriously and that risk was real. If this move closes at a 3.5% gain, as nice as that seems, probably just a blip in the grand scheme given the 50%+ haircut endured to date  I get there is now increased risk of Artis making a similar move but at the end of the day, until that happens, they will keep pressing, just human nature, albeit being a bit more mindful.

I think the real story that will have further longer term impact is the once again blistering jobs numbers along with a decrease in unemployment rate and an increase in wages. It is just relentless, and I like it, but the Fed doesn't. Yes, that dirty word we are growing tired of, the Fed. I recoginize they more or less indicated a pause, kicking and screaming, in fact led you right up to the word but couldn't actually say it. I think the world is going to have to get used to living with higher inflation, doesn't seem to be the will nor the ability to take the bitter pill. I personally don't mind it, suffered through a lost decade of ultra low rates and have nothing to show for it, at least now getting close to five points on cash and portfolio is on the rise yeilding fairly decent, giddyup!

Day is still young, lets see if we can't start an actual squeeze here, thus far as nice as it seems, "NO SQUEEZE FOR YOU"!

[SNAKEYBOY]

Some fed officials in St Louis I believe acknowleged that rate hikes alone won't solve inflation....they'll surely knock off the banks and some CRE in the meantime and create government insolvencies the longer they remain elevated.  The fed doesn't need to oversteer....inflation will not rip to 10%....if people can't afford higher prices they don't use the service/product.

[Reece1986b]

Maybe it isn't ideal however I don't think there is a choice other than to send money to families who truly need the help while keeping interest rates roughly around this level regardless of what inflation does. It doesn't make much sense to tame inflation at the cost of a total banking system collapse nor will anyone be benefited from lower inflation when they cannot afford their

[DZtrader]

Fair comments. I would not want to be in their position right now for love nor money. In particular that it has become quite evident that they got to the party a tad too late. The probelm is they are all too mindful of history, that has shown the risk of "pulling out" too early. I am certainly no where near as smart as those officials however the prevailing wisdom is likely, if we overdo

[SNAKEYBOY]

I think basic questions need to be answered such as why we had 14 years of low rates and inflation was never in the headlines, in fact we did QE 3 times coming out of 2008. What conditions are different this time around? There can be other solutions such as increasing oil ouput to drive down price which affects other goods etc.

[DZtrader]

Actually it was in the headlines quite frequently, it was just disguised as it dropped the first two letter "in" and had the letters DE in front of it (deflation) thus all the QE. In fact if you recall, (not unlike Japan) they were trying to create inflation and had the toughest time doing it. There were times that that the talk was they could not manufacture inflation and "we will