Well if it was based on supply and demaand plus valuations we would see this take 50% dive but this etf is manipulated scam led by the big boys with Bernanke the bozo leading the charge -- So who knows 60-70-90 whatever the gang wants to do.
Instead of throwing around speculation based on popular opinion against Bernanke, why not give evidence of manipulation of IYR?
Are the main components like SPG, NLY, PSA, PCL, VNO, HSC, BXP, AVB losing money or in negative cash flow?
Have those companies been unable to renew their financing?
Certainly, this market will have to deal with the excessive debt, including possible sovereign defaults, but the markets can run a long time on profitability, cash flow, and balance sheet repairs before they hit the next shock event. In the meantime, why not collect profits and dividends long and protect for the downside?