I find it facinating when I see Yahoo shows that SRS once reached a high of $3,250.00 per share on Nov. 17, 2008. People thought it was the cat's meow. Now it's sitting at $21.29 a share. I've been watching SRS for years as a bellweather stock to help confirm the direction of my real estate holdings, mainly REIT investments. I know there have been many reverse splits of SRS and that it never actually sold for $3,250 but that is the equivalent value and there will be more reverse splits until this is etf is discontinued or rolled into something else. This used to be an interesting board populated by people that had a very negative slant on the U.S. economy, always predicting the worst or double dips or collapse of civilazation as we know it. Now I have switched to watching the boards of TLT and GLD. These folks still are predicting the fall of the US economy and the US dollar
Yea, why not, CRE seemingly goes up in value everyday, What a DEAL!! Most reits have P.Es' in the 50s' ! I think you should mortgage the home and back up the truck on these great deals the Fed has to offer since They are the one's behind this endless rally.
It's titled ... MANIPULATION, the result of suppressing the dollar, elevating the price of crude, and eliminating the consumer's ability to save and to have normal employment. None of these banksters have been brought to trial, much less jailed, thanks to the administration's revision, weakening the prosecutorial arm of the Justice Department.