"Picked some up below $50. Looking to scale in... " -01/07/09 TheFinancialNinja
This particular disaster is only just getting started.
UpsideTrader is talking about commercial real estate, IYR and SRS:
"An interesting factoid is that much of the existing retail space has NOT been cancelled yet and probably won't be until the second half of 2010, so good news for all you SRS longs or IYR shorts. It's coming, it's just been delayed. The commercial real estate bulls will get their faces raked, it's just a matter of time."
Calculated Risk is starting to get worried:
"And so it begins for CMBS. First the reviews, then the downgrades, followed by the bank write-downs, and then more reviews ..."