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

To: ChanceIs who wrote (237337)	2/1/2010 10:40:00 AM
From: Perspective	Respond to of 306849

<I got toasted but not burnt holding the REITs short since March. Makes all the sense in the world. Northwards of $1 trillion in CRE debt has to be rolled in the next few years, and the collateral securing it has been cut in half. Ah well. I suppose that if Bernanke bought all of the residential mortgages in the world, he will do the same for REITs.> Nah, it's just this: where there were shorts to be burned, Government Sachs was there with billions in Treasury money in hand, levered up of course, ready to do the Lloyd's Work. (which is ripping off anyone who actually dares to attempt "fundamental" driven investing in His realm. Fundamental, research driven investors are a steady supply of price-sensitive market participants who are foolish enough to stand in the way of the GS Quants, to whom price is absolutely, completely irrelevant.) `BC