Wednesday 1 April 2009

Running for the exit

Commercial Real Estate is the next ship to sink. And it’s coming, fast and furious. Banks still try to ditch the hole, but the delinquent loans become so numerous that somehow this thing will implode.
You better close the windows when the trouble starts.
One glance at the ProShares Ultrashort Real Estate ETF (ticker: SRS) with components as Simon Property Group, ProLogis and Vornado Realty Trust will tell you the story
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