Big deal, GE financial and BofA report losses off of bad loans and the market goes down, while all other economic indicators point towards recovery? Even GEs manufacturing business recorded gains. Jobless claims improved. If unemployment is a lagging indicator, I would guess that bad loans are even a more lagging indicator. I have also read/heard from very different sources that are trying to buy up distressed properties as soon as possible. One source keeps getting out bid in Florida. I really do think NRO will be back to double digits with in the next 2 years.
Better to take the money and buy C. Double bigits will occur within a year.