The market has been in a " slump " mode few weeks back with anticipation of Fed bonds gradual reduction with 85b which FOMC would have their minutes coming out on 21 Aug .
http://www.bloomberg.com/news/2013-08-19/u-s-stock-index-futures-little-changed-edwards-jumps.html
How would Mr Market react ? Would he slump or stabilise ?
U.S. housing starts rose 5.9% from June to a seasonally annual rate of 896,000 from June’s revised figure of
846,000. This was less than expectations of 900,000.
Consumer confidence unexpectedly dropped in August from a six-year high as Americans faced rising interest rates.
With news of tapering and rising interest , Reits have been hit hard . Had divested Both Feht and Clt to cut loss. The yield has started to be attractive i would say but the risk of uncertainty looms .
Would seek opportunities in the upcoming months but not probably in Sept .
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