Many are trading near their 52 week or all time highs and SRS is near it's 52 week low. Is the mkt way off on this one or are we crazy to be in SRS?
of course i got shaken out way too early.
Let me draw you a picture of REITS over the next year:http://stillfootball.files.wordpress.com/2008/03/mushroom-cloud.jpg
IYR peaked in Feb 07 at $95, and today it's trading at $62. That's a 35% decline. 95 - 62 = 33 / 95 = 34.74%
SPG will eventually crash back to $55. So whatever that does to IYR won't be pretty.99-55=44/99 = you're fucked
are you saying SRS is a horrible way to get short comm real estate exposure? It does seem that there derivatives are nowhere near acheiving their goals.