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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Terry D who wrote (110574)	1/17/2008 7:04:26 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Tommy Lee Jones. I love his movies. Except I would never have married Sissy Spacek, no matter how well she sang country songs. <G> Most of the REITs are commercial real estate and most of the disaster is residential.

To: Terry D who wrote (110574)	1/18/2008 5:53:11 PM
From: KPHinds	Read Replies (2) \| Respond to of 132070

What are you considering in the REIT wreckage? I sold some other stuff this morning and bought (a very small position in) 2 REITs this afternoon. I honestly don't understand the business model enough to be playing around too much with them, but at some point you'd think that it would be time to buy into some of these, and it does play into my longer term strategy. (my longer term strategy of taking over the world, of course.) I'll tell you this much. Longer term I want to take short term positions in some good old bubbles. I remember Soros describing the REIT model in its original iteration in the US as one that made sense because of a bubble; he also described the collapse. I just don't know enough to recognize if we'll have a similar collapse to his description. I don't remember Soros' details, and to be honest I have not been following the market too much until a few weeks ago, and I don't know how REITs have changed in the last 50 years...