Well just when you thought it had burned itself out the hillside flaired up again yesterday. Must have been those Tuesday Santa Ana winds.
I have to believe that this is the most volatile MF in creation. Somebody show me something nuttier (outside of SPG stock the leading holding of this pony). But then again what do you expect in the depression casino called Wall Street?
I'm still out--Kaplan a big time bear market rally prognosticator is having a conference of his subscribers later this week. He is on the truecontrarian.com website which isn't updated too often (its free of course on the website, subscription is now around $150 a year). He hates RE and is in love with commodities and things like RSX (Russian stocks). Not that my saying this has any signficance at all, especially on this board, but it seems like the market could turn him into a hero or a chump at this week's festivities. My guess is hero--but who knows. NOBODY really knows.
Anyway, I'll be watching 8.77 (I think that was the last low) and what happens with the next downturn--lord knows it takes very little time to ride ANYWHERE on this hoss!