The euro is taking a back step because there was an overreaction last year to the European debt trouble, according to David Dreman, Dreman Value Management founder, who adds that 2012 will be better than people think.
“I think we’re probably going to see less emphasis on the whole European situation. They are taking a backseat here.”
Chilton Capital's REIT Composite was up 6.1% last month, compared to the MSCI U.S. REIT Index, which gained 4.4%. Year to date, Chilton is up 6.3% net and 6.5% gross, compared to the index's 8.8% return. The firm met virtually with almost 40 real estate investment trusts last month and released the highlights of those Read More
“I think there was an overreaction last year.”
“Germany will continue to do well. I think France will do reasonably well. We haven’t seen much slower growth up to now. It is certainly not hurting the United States up to this point.”
Stock are at “valuations that are lower than at any point since the mid-1990s.”
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