Chris Lau

What to Short When the Rally Dies

I don't understand why you think REITs are "like going hunting and shooting a deer caught on a trap - not very satisfying or meaningful. "

They have rallied quite significantly on the basis that commercial debt obligations are all but forgotten. This is not the case. When the market realizes this then SRS would be a good hedge against any ensuing sell-off. Of course, SRS should only represent a small portion for a portfolio.