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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (10604)	12/10/2001 3:35:38 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

Chat & Chew... > [REIT] power is in the growth of the dividend yield based upon the original purchase price... ...yeah, I agree with you; they're kinda like HiYld Bonds with that DRIP/compound interest potential, but also REIT's move ~ they grow and decay like equities. I don't like real estate right now TB, including most REITs. We've got unprecedented supply out here in the Bay Area, commercial & residential ~ and residential rents are falling every week (we've just never seen anything like this out here) And with 15Y/30Y mortgage lenders pricing their spreads off of the 10Y Bond, hell - that just went up 100 basis points: if the layoffs continue I'm expecting the NoCal real estate market to experience some sort of "panic" capitulation within ~6 months :-/ > I don't see any possible year/year improvement in eps until 0206, and this assumes the consumer doesn't give up... ...the "consumer confidence" numbers appear to be some kind of patriotic/denial disconnect from the reality of relentless job losses with no signs whatsoever of capital (investment) spending picking up again. I don't know what is keeping the automakers afloat ~ 0% financing? $1.25/gallon gas? Their plants are still operating but, they can't be making any money: if we lose the automobile / auto-parts & service sector, this will be a huge hit. Silly Valley people are telling me "2003", not "2002", fwiw... ...and it's even more dire in Houston: "we've just lost ENE (utilities), XOM (BigOil), HAL (OilService), CPQ (OldTech) and, TXN (DSPsemis) is struggling; the huge Medical Center is still recovering from massive flood damage - and our commercial & residential real estate market is collapsing." How is it in Florida? From what we read, tourism / Orlando is a ghost town, and commodity (citrus) prices are collapsing ~ as is all central american fruit / coffee, caribbean textile industry, etc. ...if Dubya keeps slapping duties on imported steel, lumber, textiles, etc. we will be repeating the same "Smoot-Hawley" tariff mistakes we made in the 1930's and this Recession could very well turn into a Depression or, some kind of insidious "deflation" ~ where the last thing anybody wants to do is borrow money - whether for capital equipment, home or auto loan :- -Steve