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IBDvalueinvestin (98.74)

Commercial property owners under pressure VNO, SPG and its dragging down banks



March 26, 2009 – Comments (2)

which just yesterday I thought might be buys damn it.

The commercial properties came under pressure after a wall street journal report late last night.

Commercial Property Faces Crisis Delinquency Rate at 1.8%, Near Peak of Last Recession; Parallels to S&L Debacle

2 Comments – Post Your Own

#1) On March 26, 2009 at 11:35 AM, cubanstockpicker (21.21) wrote:

BFS, KIM also on the chopping block. WHy do we persist in letting the cancer survive in the body? This is doing more to create uncertainty. One other disaster is the BS of BAC and C buying up mnore debt at discount prices, so they can get more money from the fed so they can repackage and sell keeping all the profits, off of our backs. What will we end up with? Richer, more powerful banks with better control of us.

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#2) On March 26, 2009 at 1:51 PM, IBDvalueinvestin (98.74) wrote:

Whats worse is that VNO, SPG, KIM, MAC, BFS, will hurt the banks with their defaulting clients , yet these stocks are rallying today on the report above while the banks take it to the chin.

Sort of reverse pyschology, don't slam the ones causing the problem, slam the ones at the end of the line instead..

I doubt this group of 5 will be able to keep up their rallies for much longer.

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