These idiots who do not do the reasearch on home sales, depletion of home inventorys and rapidly rising prices do not see the fact this stock will double before may 31 2009..... Phoenix home sales up 292% home price sale up almost $60,000 las vegas and california same story! fast money on cnbc and all real estate industry media agree with this thesis! Ignore the paid basher idiots on this blog!
the stats are all over the board and inconsistant. judging by the caps on your post, you seem euphoric. simmer down and stay calm. URE will certainly go up but not like a rocket.
the big $ are still sitting on the sidelines. the market could turn and spiral downward at any time.
You are correct. The bashers are trying to hold this one down. Take a look at the money market out flows reported to today. Money is coming into the real estate market. It is going to be a slow recovery but going long will pay off! I have pulled about half of my metal profits into the real estate. I plan on slowly rotating. Relax and smoke them if you got them. You will get a nice profit long term!
Joe Danyko M.S.B.A.
You are right jf these day traders buy on the way up sell on the way down have no clue about market fundementals or scientific reasearch! Good luck we will make a bundle in this market!
Do you realize you're holding a leveraged etf that is decaying over time? Just look at the chart... yikes! No way it is getting out of the rut even if the underlying stocks rallied big time.