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Ship Finance International Limited Message Board

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  • marklibera marklibera Sep 2, 2011 10:15 AM Flag

    Ot: FRO down 8% today

    Stagg, got to love your optimism but the charts are against you. I think we got our bounce, which for many stocks like SFL and FRO (down again this morning) rose to their levels from which they broke. The bad employment numbers were just waiting there to take stocks down.

    The mREIT sector is getting killed because of the leaked plan to refinance agency mortgages. But meanwhile gold is up because the market realizes that the printers have no policy answers other than to print. In the end, whenever we get QE3', it should be good for energy and food but bad for consumers.

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15.70+0.08(+0.51%)May 27 4:02 PMEDT