A good strategy with URE
post #501 of 633
12/22/09 at 5:51pm
No question that SRS can make you the best friend of your neighborhood liquor store owner. That said, I think it's time to make some money on this puppy by legging in or putting on some bullish call spreads. Personally, I'm in favor of legging in.
Full Disclosure, I'm very negative on the overall market for 2010. We can't just keep printing money and think nobody will notice!
over the years I've seen so much that defies reality that I've become somewhat cynical. Are the markets rigged by GS, Citi, JPM and others? I believe the answer is yes. Eventually even these behemoths cannot defy gravity and the market will do what the fundamentals say it should. Problem is that it can be an expense lesson while you are waiting for that to happen. As for the refi's on CRE, if you bought a 20 million dollar building with chump change as a down payment and now the refi appraisal says it is worth 10-12 million, where do you get the extra funds to cover the negative 8 million in equity you now have in the parcel? Can you say foreclosure ????