tag:blogger.com,1999:blog-2335748440449035592.post4351726226048838399..comments2008-12-02T22:39:10.772-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2335748440449035592.post-76345190580437751622008-12-02T22:39:00.000-05:002008-12-02T22:39:00.000-05:00I wasn't paying a lot of attention as URE was zipping up, (which is just utterly ironic!) and I heard CNBC say some enormous number of foreclosures this last quarter in California. What really amazes me are the number of talking heads (Jim Cramer is the worst here...) telling people to go buy 'dividend paying funds'. In particular Commercial REITS. They don;t seem to get that dividends will be chopped in every sector, REITS, shipping, finance, you name it. And when they cut the dividend, the stock will drop. What little you made in dividends will be creamed the day after the dividend cut is announced. And commercial real estate hasn't even begun to feel the effect yet. The one possible safe haven for REITS is Medical REITS... but I suspect that even they will feel the pressure as 'a sinking tide lowers all boats'. <BR/><BR/>I'll take a glass of that kool-aid... <BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.com