I tell you.
Like a fart in the wind. And that real estate is only worth what others will pay. and once its gone, its gone.
Almost every quarter.
Many of us who held shorts/puts back in 08-09 made lots of money only to have it extracted from us when the fed jumped in again and again and propped up failed companies without notice. Having that happen, it is rather difficult to engage in shorting now, knowing the same cast of misfits are still in control and without a moments notice fully capable of doing the same again. The PPT is more proactive these days, As a fact, it is widely agreed that the continued market prop job today is a direct result of that 85 billion monthly fed POMO money ending up in the equity arena. To me the toilet needs to flush now and again, to clear the stench; but Obama and the fed do not see things that way. For example it is known that millions and millions of empty houses liter the landscape known as shadow inventory and yet banks are allowed to hold these off balance sheet under the radar until further notice. What kind of 'free market' is that? Until the markets are allowed to clear, shorting is a suckers bet in most situations unless one gets lucky given the PPT/Fed/Obama involvement.
A high stock price.
Yesterday was a fake out imo. A dump before the jump.
Time will tell.
Live and learn.
Just goes to show how wall street firms bamboozle the masses these days. IMO, this is a screeming buy buy buy.