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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?


To: James Kibler who wrote (2533)5/24/2004 9:08:12 PM
From: Richard Barron  Respond to of 2561
 
Jim,
I know what you mean. I am keeping an eye on the Nasdaq. It is starting to show strength. If it continues to outperform the Dow Industrials for the next few weeks, the market could make a decent recovery in the next few weeks.
REITs are starting to strengthen also, but I don't know where the earnings will come from to allow further gains.
Richard



To: James Kibler who wrote (2533)5/26/2004 4:49:59 PM
From: Grommit  Respond to of 2561
 
A couple of charts to ponder...

One:
The REIT index vs DOW and S&P for one year. The bubble in March is clearly visible.
finance.yahoo.com

(PS I think you need to add dividends to the returns. 6% or 7% for the REIT line and 0.4% for S&P 500.)

............................
Number Two:

It is REIT index vs. 10 year interest rates. Normally the REIT index moves opposite to the 10 year yield (click on the 6 month chart to see it):
finance.yahoo.com^RCI&t=6m&l=on&z=m&q=l&c=^tnx

I normally see the same relationship with the 5 day chart.

But look at the one year chart. I don't see as much correlation as with the 6 month. In fact, you can see the interest rate jump up from July 03 - Sept 03 with no hit to the REIT index. Then when interest rates make the same move this year, REITS get slammed. ???

enjoy!
grommit



To: James Kibler who wrote (2533)6/25/2004 9:03:52 AM
From: James Kibler  Read Replies (1) | Respond to of 2561
 
Hello Board.........just doing maintenance duty.........still watching those closed-end funds...looking to buying shortly before div. and sell shortly thereafter...much like thread title which worked well years ago...........had some nice gains in RYJUX but allowed to mostly evaporate.....as every Iraq attack seems to support bond market...........anybody like gold or gold stocks ???..............same problem here as dollar seems to rally @ most inopportune time stunting rally......GGrrr.........JIM