There's anecdotal evidence that individual investors are looking more towards the equity market than real estate. It's a good sign initially that there's new demand, but it could suggest we're at the final stages of the advance.
More Quotes from Michael Metz:
A lot of the short-term action is dependent on oil prices.Michael Metz
My guess is that it was probably a program trade that went in.
Michael Metz
I wasn't really worried about it, ... Maybe I should have been, (but) I thought it would all blow over, and didn't see it as a catastrophe.
Michael Metz
At some point, portfolio managers have to say that bonds are more attractive than stocks, and reallocate their investment funds away from the stock market into the bond market,
Michael Metz
Restaurant stocks were badly hit last week and they were entitled to bounce back. But frankly, I would not be in that space because it is most vulnerable to a cutback by lower-income consumers due to higher oil prices.
Michael Metz
The market, as far as stocks are concerned, it's been amazingly resilient in the face of some very bad news, particularly about oil prices.
Michael Metz
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