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ProShares Ultra Real Estate Message Board

  • jfdanyko jfdanyko Jun 17, 2011 1:53 PM Flag

    Dump Your REITs Now!, Hot off the Press!

    Quick update for Joe!

    Urgent Alert: Dump Your REITs Now!
    by Mike Larson
    Friday, June 17, 2011 at 7:30am

    Right here in Money and Markets — in May 2007 — I issued one of my most important and prescient warnings ever.
    I proclaimed the multi-year run in the real estate investment trusts, or REITs, over. And I told you ... in no uncertain terms ... to dump every last REIT you owned, warning:
    "We've had way too much excess money and credit floating around out there. It's causing what I call a series of ‘rolling bubbles.' Residential real estate had its turn in 2001-2005 ... and since about 2003, commercial real estate has been experiencing its own private mania. But a turn may finally be at hand."

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