Fed does the twist.....long rates come down and short rates go up. Lower long rates is just what Shiffman needs to get some long term debt. Yup, increased short rates increase the cost of the line of credit, but that is small compared to the long debt.
Got another flip lot at under 37. Anything under 37.50, imo, is good for 2 bucks when the lemmings realize the fed was good to equity reits today.
Nothing today affected 3Q earnings which will be good.