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6 pts

Opinion on  iShares Dow Jones US Real Estate Index Fund (IYR)     Sector: Financial  >  Industry: Misc. Financial Services
Chairman Sheila Blair will be officially proposing to allow ...

Apr 30, 2008 01:37 PM GMT
Astukphoto
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-7.89% MID
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Recent News  

Powered by Minyanville: New Plans for Housing

April 30, 2008- The Wall Street Journal reports FDIC Chairman Sheila Blair will be officially proposing to allow the Treasury to make direct loans to almost one million homeowners. This latest government initiative will require the FDIC to raise approximately $50 bln and allow borrowers to pay down up to 20% of the principal they owed on their mortgage. They will still be required to pay their mortgage, but will only have to make interest-only payments to the Treasury for the first five years. Afterwards, they would begin repaying the Treasury loan at fixed rates.

From the Bull Pen

Bulls see a breakout in the Real Estate Index Fund ( IYR ) above the 200-DMA; sell-stops below $70 or $66 for those with a higher risk profile.

http://astuk-virtuallystocks.blogspot.com/



IYR:  This call was made on 04/30/08 @ $69.92
Rating:   Positive   $69.92 (04/30/08)
Gain/Loss:   -12.50% in 1488 days
Target:   in > one year
Allocation:   0.7% of portfolio


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