Sunday, January 24, 2010

SRS

Halftime of the Jets - Colts game and I came across this chart. (Get a life.)  SRS is a 3X beta bear real estate ETF.  In November of 2008, it peaked north of $295.  Today, SRS is trading at $8 and change.



As you can see in the chart above, the Daily trend has turned up.  In light of some of the most dramatic and pessimistic forecasts out there, this one might be worth keeping an eye on. SRS has some intriguing looking option plays as well. Game on.

A

6 comments:

Anonymous said...

past couple o' weeks there had been a tendency--according to financial media--that some market players sought "safety" in REITs.

but seemed to that this foolishness change on Friday--SRS moved unabashedly [Bob Guccione's favorite adjective during the 1970s].

Sweet Home Alabama

Mike said...

2x btw...3x: DRV

-Mike

Anonymous said...

.
There is no security on this earth, there is only opportunity." - Gen. Douglas MacArthur

JD said...

Love the new format of the alerts, Allan. I had a whole weeks worth of alerts I had printed out and wanted to create a spreadsheet to track the signal changes. Lo and behold, you have it all figured out. Thank you!

Anonymous said...

Tishman Speyer Properties and BlackRock Realty $5.4B NY default 01/25/10

110 buildings and 11,000 apartments overlooking the East River; 25,000 tenants.


Neil Diamond - '. . . LA 's fine but it ain't home, NY 's home but it ain't mine no mo . . . '

Anonymous said...

Why do you chart leveraged instruments rather than the underlying? Given the way they work, they will always trend toward zero over time.