Shorting Real Estate is the most crowded trade in the market. If we get a rally in the S&P back to 1000 (which many people I respect are now predicting) then SRS is going to get killed.I have owned SRS to hedge in the past but wouldn't touch it here.
Like the Santa Rally? Or the Election rally? Or the Obama rally? Who are these people you respect, Abby Jo Cohen?If we get a rally in the S&P back to 1000 (which many people I respect are now predicting)
I see dead people. But they dont know that they are dead.
Jeff Saut, Todd Harrison, even Marc Faber has been predicting a rally esp. in Asian stocks which could rally 30%. These guys aren't exactly perma-bulls.