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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (225219)	10/17/2009 10:10:38 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

A number of the REITs I watch backed off in the last 5-7 trading days. Nothing cataclysmic, and they are all still above the 50 day MA. I'm referring to the bigger ones, SPG, MAC, VNO and IYR itself. Have a small position in SPG, but until the 50 gets taken out with volume I'm not interesting in expanding exposure. OTOH, there were a few signs of distribution after the "Dow 10K" orgy in previous market leaders. Nothing to make me get tits short, but worth taking notice of going forward.....I'm also getting interested in TLT leap call shorts, how much lower could the long bond yields possibly go by 2012 if the Fed isn't there buying them? Just a thought......

To: Perspective who wrote (225219)	10/17/2009 10:33:33 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

It looks to me like the Clownbuck has controlled the equity markets since at least April. Long term E-wave for this is pretty compelling, it looks like we're in a 3 down, either 1 of 3 or 3 of 3. Either way, it's hard to be short in that environment, the undertow if pretty strong against you. Gold, oil, foreign currencies and domestic companies with large overseas sales should continue to outperform and should be where we're looking to make money. Shorts are in a sense synthetic dollar long plays, at least they have been this cycle.