To: Richard Barron who wrote (1826 ) 5/2/2000 10:52:00 AM From: gregor Read Replies (2) | Respond to of 2561
Dear Richard : >>>>Gregor, I think gold is dead for a while until panic hits in terms of economies getting slammed. With Greenspan sparring severely with inflation, it doesn't appear that there can be much inflation for long, so why bother investing with gold.<<< >>>>>>>The test will likely be if EQR holds 45.<<<<<<<< Apparently this REIT rally has been without the benefit of mutual fund inflows. If tech selling occurs again, and dividends are equated with safety, we may get a big pop, but I think a lot of REIT holders want out if the economy is slowing down simultaneously with steep interest rates. <<<<<< Thank you for some great points . I will be closely watching EQR. Just a few points. I feel we are still in a bear market. So many call it a correction, whatever ?? The nasdq dropping from 5100 to 3300 to me is a bear market. I felt we would have a relief rally, or bear trap back to the 4000 level, which is where we stand now. If the nasdq retests it's lows then our sector should remain in an upward trend, if we stay where we are now ( on the nasdq) then that should be even more bullish for reits, b/c it gives us more fuel for the rally. But I'm not planning on trading any minor adjustments in the ^rms for concern of missing out on a linear increase. 350 on the ^rms is not out of the question. But I cannot help feel as if reit,s are the favored choice for inflation scare money right now, in detriment to gold . The perception is that the gold markets are so manipulated by central banks , and large mining companies that the average investor will not get a fair shake so reit seem a better strategy. In fact when the gold market does move I'll take that as a sign for me to get out of the reit sector for awhile and try to time an adjustment of the 20 30 points on the ^rms you were referring to. But I think we will see 340 350 first..gregor