Media predicts a sell off like the reaction to other terrorist activities....market does the opposite.
Given the low volume melt up there are still some shorts who are covering.....
FSP used to be a low leverage growth play....now its a medium leverage contraction play. Great (and most likely stable) distribution but the share price is going nowhere.
The market is discounting due to their exposure in energy markets and strategy move to trophy properties in infill markets.....that strategy is not working for them...ie they can't acquire those types of properties at cap rates to support the distribution thus they are not growing.
It will most likely hit a 52 week (if not all time) low during Q3/2015.
is that now the fed is out of bullets .....no room to move to soften the effects of recession....Should have begun raising a few years ago and tempered the market's run.
If the Fed had the room to move the rates lower the downside move would be tempered.
For a conservative bunch of guys their policy has been way over the top....