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Today's market fear was that the $1 trillion E.U. bailout is a bandaid over an open wound, rather than a cure. In short, the problems remain but more money is thrown at them. Traders spent most of the day playing tug of war all of the way down to the closing bell wire today.Continue reading Closing Bell: Giving Some Back (GCI, JPM, GS, NBG, BEE, MERU)
"One long-term opportunity is in the hotel sector," says real estate industry expert Peter Slatin, editor of the Forbes/Slatin Real Estate Report. Here, he finds a trio of opportunities among hotel REITs.
"We think it's misleading to suggest that REITs and other real estate companies are due for a big bounceback this year. They have already picked up some, but the economy, including deepening inflation and weakening jobs markets certainly suggest that those gains are fragile and that further gains will not come easily, if at all.
"In other words, the best posture at this moment is to sit tight and watch. Nevertheless, there are a few opportunities out there for strong income and for growth potential.
"The hotel sector has been hit hard this year. Share prices for Diamondrock (NYSE: DRH) and Strategic Hotels and Resorts (NYSE: BEE) suggest that investors have been running away from a bogeyman that isn't really there.
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