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This follows Bernake's speech.
US stocks fell on Wed with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest Fed meeting showed signs officials were open to tapering large-scale asset purchases from as early as at the June meeting. Also mean possibility interest rate may rise in the near future (though I think there are conflicting views on this).
Either today was an excellent time to pick up some Reits and "good stocks" you have been eyeing from a knee jerk market reaction, or it is the start of a progressive decline in equity values. I am betting it is the former - just my own view.
US stocks fell on Wed with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest Fed meeting showed signs officials were open to tapering large-scale asset purchases from as early as at the June meeting. Also mean possibility interest rate may rise in the near future (though I think there are conflicting views on this).
Either today was an excellent time to pick up some Reits and "good stocks" you have been eyeing from a knee jerk market reaction, or it is the start of a progressive decline in equity values. I am betting it is the former - just my own view.
Yes and now I know the reason why.
Watch closely and considering pick up some good stocks.
Watch closely and considering pick up some good stocks.
Almost all counter drop (not only REIT).
edchai ( Date: 23-May-2013 11:14) Posted:
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Almost all REITs dropping like no tomorrow since trading started today (23-May). What happen? New rules introducted to control the property rental?
Anyone has any clue?