If you have REIT or REIT funds in your portfolio, I came across an interesting comment today which may or may not be indicative of something. That is that REIT insiders have bought $60 million of their companies' stocks in the second quarter... the most in 26 quarters or 6 1/2 years!!! Does that mean the bottom is near? Today, certainly not. But perhaps a little further down the road.
Have a good day tomorrow.
Pete Lipke
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