Hi Jay - Do you think you might do better shorting -
1) Overpriced tech which is might be in down trends -
AAPL, YHOO, RIMM, ORCL, SEBL, EBAY, QCOM ?
2) The pure play mortgage REITs, like NLY Annaly, or mortgage originators, like COuntrywide ?
These companies have only financial assests bought short term money. SHort term rates up, financial assests down, guess what ?
Homebuilders have real assests (land, houses, etc.) bought with a mix of equity, long term loans, and some short term.
Short term rates is a minor effect. Inflation will put real asset value up fast.
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What's the opportunity cost here ? Compare to Canroys, small oil companies, metal miners.... |
