REITS - what's the outlook ?

PURAX really pulled back here after hitting new highs. Profit taking ?
With the BOE announcement today, that should help it....no ?

 

Well REITs were getting clobbered ahead of the BOJ/FED announcements, but they zoomed yesterday afternoon.
However, with an impending Dec rate rise, that could hold them back.
Anyone have an opinion on future direction ?

 

I think residential REITS are good for the long haul.

 

Dunno Zandty...
They have been moving in tandem to the TLT recently.....and they are far off their June highs.
I think there's better opportunities out there.....

 

I bailed out of my PURAX 2 weeks ago. REITs have been in a steady decline since early August. See VGSIX for a proxy on the REIT market.

 

This looks like the capitulation phase. This bond selloff looks a lot like the taper tantrum of '13.

 

How about the high yield muni market today? Brutal

 

Sorry to say, but Zandty was definitely wrong on this call....see earlier posts.

 

Wiz... I still think for the long haul, residential REITS are a good buy. When I say "long haul" here, I am talking several years out. I see multi-family housing being a growing trend with millennials. Home ownership is not what they want. They're too lazy, as a whole. Home ownership is a pain in the ass. I work with a lot of millennials and none of them dream the "American Dream". Posh apartment complexes are where its at, at least for them. Again, this is a long term view.

 

Zandty - you are losing cred....the top was in 4 months ago...I got out a little late, but not as late as those who would be bailing out now.
Rates are now "sticky".
I wouldn't touch REITS.