October 24, 2008
– Comments (2)
AIG you yellow belly sapsucker. Does anyone know what commercial real estate etf I can short. The reason I ask this is 2 fold. One in my hometown paper in San Antonio 2days ago I came across an article about AIG. In that article when they were on their hunting trip they were bragging how the recession would last well into 2011. That made me mad. Then I thought about how the sec doesn't require mark to market on commercial real estate. That was a big loss there so there is still no real transparency again. How will this affect banks like Chase? Also when I was eating at my hole in the wall restaurant even the bus boy was living below his means. He was so proud that he has paid of all of his debt and now has 300.00 in a savings account. That is darn hard on min. wage let me tell you. So, what etf's can I short?
SRS is 2x etf, but you might wait for a pullback first.