Commercial Real-Estate: It's time for that beautiful, really large, RED capitulation candle. Prepare, for despair!
Last mentioned in Commercial Real Estate, IYR, SRS: Pending Disaster.
Friday, February 20, 2009
Commercial Real Estate, IYR, SRS: Prepare for Despair
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6 comments:
One hopes that rents will decrease.
And that the cost of housing declines for a while.
Both of those have been going up throughout my life, so it is about time....
I'm despairing because SRS has petered out today for no apparent reason, to me anyway. It opened up gangbusters but showed weakness very early on. Any thoughts as to why? Is CRE coming back with a vengeance? Is it the uptick in CPI? Very curious....
"Prepare for despair"...has a ring to it, does it not?
From the WWF, isn't it?
Hmmmm...ninja message wasn't delivered. Seems like someone thought the REITs were a big buy today. Very strange, and extremely annoying. Somehow I don't think that Ben considers that opening print of 88 to be the "big red candle" I was looking for.
SRS was the victim of options volitility IMO. Should be off to the races soon..
Thanks again Ninja, I have been buying July calls on SRS below 20 and selling around 30. Some very nice banking done there. Still have a small core position (one !), but would really like a reload !
I don't know if it came from you, but I am short SPG. How do you think regional malls are going to perform in this environment ??!!
Josh
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