Don't want to overestimate the number of complete idiots calling their brokers telling them to get them into real estate stocks...while foreclosures are ramping up even higher and 30% of the countries mortgages will be underwater in the next 6 months. This run is waaaaaaaaaaay overdone. S&P retest 1007 by the close.
No, it isn't. You sold too early. The market looks out 6-9 months. By that time the employment index (even with the dumbass HUSSEIN OBAMA who WILL NOT get the CAP&TRADE, HEALTHCARE legislation he WANTS) will be much improved. It will be showing a + in the index. NEVER UNDERESTIMATE THE POWER OF CAPITALISM - NEVER! This great country will prevail.
>>>>while foreclosures are ramping up even higher and 30% of the countries mortgages will be underwater<<< why did you buy in the first place you hypocrite? You will miss 6, then 7,8,9... going up as the economy recovers. Will close at 6 or above today!!