Monday, March 16, 2009

Market Update

The market seems to be steady going, however, action in commercial real estate names are terrible. I initiated a short position on WRI this morning and plan to hold and build. If you don't have a margin acct the best way to play is long SRS which is twice the inverse of the IYR.I would scale into this though. Its a broader play but if you can short, take a look at the list from yesterday.

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