Sharp45

REITs Are Gold Mines on the Short Side

Nice article. SRS is possibly the most gut-wrenching ETN around. But the theory is sound - REITs should have much farther to fall. Consumer spending will never be the same without loose credit and insane home-equity loans. Dividends are unsustainable.

Today was especially gut-wrenching, though. I've been trading SRS for a few months, sold a bunch(for me) at $176 from $105 last month, was pretty happy.

Bought more on the way down, some at $140, then more at $110. I had a limit-sell order in at $185 this afternoon when I left for the dentist, and it was trading around $182. I figured it would hit $185 again, and still think it will in the near future. But it closed today at $134? Wow.