SELL??? Contrarian indicators in the market Message Board

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Strategies & Market Trends : SELL??? Contrarian indicators in the market

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To: White Shoes who wrote (8)	12/18/1996 1:37:00 AM
From: Ray Jensen	of 19

GS, I just got around to reading your post from a few days ago. Again, very interesting ideas floating around in this neighborhood. Good stuff. You mentioned one thing that I have not read much about in a while, and that is a downward spiral in real estate. Isn't it interesting how there has been a lot of hype about "REITs" lately (real estate investment trusts)? I see articles on rag covers like Money while in line at the supermarket, and hear them yack on the CNBC squock box. I'm not a REIT expert, but I think a lot of people got burned by REITs just after the 1987 crash. They were advertised as a safe haven, but most REIT portfolios got toasted worse than the stock market crash in 87 because they never recovered! Could there a be a repeat of this ahead? I have heard that Pres. Clinton is warming up to a capital gains tax cut for sales of a primary residence. If it happens, do you think it might have a short term negative effect on real estate because sellers would not be as worried about the tax effects of selling? Hence, lots of houses on the market all of a sudden? Hence, lower prices? Ray J.

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