I'm in from 117 and holding for 250
next week we hit 250
how can you even think to call me wrong
I'm up over 40 points in days
People would kill to be up 1 point in this market - i'm up 40 points
wish me luck - but you know were I exit
once you see SRS hits 250 - you will know
I have sold for 137 point profit in days.
and I will be wearing my big silly smile on my face
the REITS that hold Apartment buildings are still raking in the money, as well as storage REITS,
well Mall REITS depending on location could get hit yes and Finanial buildings are being emptied as we speak, but If SRS
hits 250 I will SHORT THE HECK
OUT OF IT
You seriously think Real Estate is going to rebound? Please state your case.
Here's my case for SRS: Consumer spending is set to PLUMMET. Stores will close, houses will foreclose. Commercial REIT revenue will dive, dive, dive. Dividends are unsustainable. Once they go down, investors will abandon ship.
And it's not a temporary thing. Americans are finally realizing that they cannot live off credit cards and home equity loans. Loose credit will never exist like it did in the recent bubble (not until people forget about this disaster, at least).
Bottom line: growth will not be the same for a LONG time. Economy will continue to contract for the foreseeable future, revenue will dive as American consumers actually start to save.