Post by
garyreins on Jan 10, 2024 10:02pm
CAN PEOPLE NOT RECOGNIZE PATTERNS?
For the past 2 years, every REIT rally completely STALLED and then ROLLED over within about 3 months. About 4 of these fake outs to be exact. And this time, will be the FIFTH. Same old nonsense, inflation is going back up, more hikes on the table etc or higher for longer whatever these fed officials want the phrase of the day to be. The fact that REITS couldnt even get back to top of their trading range tells you just how SKEPTICAL the smart $ is- they bailed and are not returning anytime soon.
Money is parked in that 5% overnight rate and these guys are laughing