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Tag Archives: Kimco

REAL ESTATE: ANOTHER CAUTION FLAG

I’m picking up a buzz of signals warning that an important stock market top is near. The latest: A climactic burst of buying in the REIT sector.

As you know, I’ve long been a fan of real etstate trusts. However, it makes me uncomfortable that so many yield-hungry investors are piling into the sector at seemingly any price. REIT valuations are becoming stretched — the likely prelude to a serious “correction.”