Why are we going lower when the other MREITS have been mostly positive these last couple of days? Someone mentioned earnings were missed, but I haven't seen any news on that.
Why should I? You know everything ..like the post to Yankee saying it wouldn't go any lower ...and you were wrong.
You claimed to be so smart, but can't figure out that stocks may/may not trade with the market, socio-economic news, fear, speculation, daytraders, rebalancing by some MMs/FMs/HFs, some investors cashing out, etc etc....If could be any number any number of reasons .....
A. The Fed cannot by policy and by Presidential politics raise the short rates with the economy and unemployment so bad.
B. Unstated policy now favors a declining dollar to boost exports (boost the economy) and discourage imports (lees competitive a greater dollar costs).
The mortgage markets had been fallinbg for the past 2 months, but appear now to have stabilized. A pattern of falling mortgage rates was bad for all of the MREITs, as that reduced the profitable short to long rate spread.
Although ARR announded next quarters dividends as generally expected, it's in its soft patch from recently going XDiv.