do you think there is a reasonable chance that SGP will one day trade at those covid lows again around $2.50-$2.70 mark?
think about it, if the FED (and our RBA) are not kidding around with % rates because they have to try and kill inflation, so even if say the FED raise rates 5 more times, and the DOW falls 10% most expect the FED would reverse course make up some other BS excuse about why they are reversing course and start cutting rates again, and blow a new liquidity bubble, inflating stocks again
, BUT what if this time its different and even if the DOW drops 10% the FED could just say, look we are serious about fighting inflation, we have to get it back from 8.5% back to say 3%, and they continue lifting rates ever month, even if the DOW keeps having 5% drops every few days, how would SGP and other REITS here react? obviously negatively, so in a full blow DOW meltdown where it drops 50% , SGP could be back to $2.50 couldnt it? that would be the time to buy as much as you can wouldnt it?
SGP Price at posting:
$3.90 Sentiment: Hold Disclosure: Held
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