especially any REITs that had bounced back 3% or more because this will not LAST. Things in BRIC and Europe are quite bad, compounding with the instability in the middle East, that is really not a great combination. Now things in the States did start to pick up but as soon as the FED opens its mount after its next two FOMC meetings (Sept. and October) it will ruin the party. Therefore, if you can cut your losses on some of your REITs, so so now. CASH is King right now no matter what others may say. Of course, my timing is never perfect but I am waiting opportunities to add on my short ETFs. SRS dropped big time today and I am getting ready to grab some. I sold my TMV (DIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES ETF) and just bought back some a few minutes ago. If the DOW for some miracles rise more than 100 points, I will grab more DXD. Good thing I bought some pref. stock CEFs yesterday. Too good to resist. RSO-B continued to tank today, if it drops to the point that its yield becomes 10%, I will add on to my position. My CYS-A bought yesterday already went up. Sold some PFLT to take very small profit. Too heavy a position on it. Still not touching any BDCs yet. GAIN dropped a lot and if it dropped below its 12-mo low of 6.59, I may grab some. Its yield is just too low though it is traded at 0.80 of its recent NAV at price of 6.88 today, really not a bad entry price with a 8.72% yield.