Off topic, but a note to those who have the guts to buy when others bail. Look at BBEP today. This is a good MLP that is getting crush because of Linn Energy. They are throwing the baby out with the bath water.
Yes the market seems to be "throwing the baby out with the bath water." Not all REITs, mREITs, BDCs, MLPs or junk bond funds are the same. Yet the market is selling them all off as if they will all be affected the same on "tapering fears."
Interesting that you mentioned Linn. I just checked on it and saw that it has been crushed. I owned a little of it off and on over the years, but always sold out as soon at it took a price dip. I always remained suspicious of how the company could pay a high yield when natgas prices are in freefall. This proves the point that if you're suspicous of the fudamentals of a company's business, then you sell out no matter how good it looks on paper.
Along with some of the good MLPs because of LINE, REITs are getting crushed in general because of the relatively good jobs report, indicating that the FED could ease up on their bond buying sooner rather than later. Of course, NRF is getting lumped with the agency MREITs in a big down day...just another buying opportunity for NRF.
grabbed some NYMT at 6.04 (my only common stock within the sector...or any sector, for that matter)...All other holdings are in the reit preferreds - got some more NRF-C at 25.04-25.05 ...nice yield...goes x next month, I believe