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GATX Corp. Message Board

  • jaguar_mikell jaguar_mikell Mar 10, 2010 10:15 AM Flag

    GMT correlated to IYT

    It seems as though the latest run in GMT is highly correlated to IYT, so I'm wondering what happens when IYT pulls back?

    Anyone think GMT can sustain a separation in the correlation, or will it pullback as well?

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    • I'm not a pro, but I think it is natural that GMT is correlated to the Dow Transports index. More important though, IMHO, I would guess GMT profitability is correlated to interest rates. I think a low rate environment hurts them. High rates and good economic activity is GMT's ideal operating margins.

      GMT is a keeper - as long as their dividend is productive.

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