It looks like the underlying stocks are trying to "climb a wall of worry" and the unexpected rise is fueled by speculators.
The massive increase of day traders seeking alpha might have something to do with the volatility.
The boom in the entire real estate sector seemed to be based more on greed than intelligent planning and now the greed is directed at tearing the meat off the bones of the rotting carcasses of abandoned shopping malls, housing tracts and office buildings.
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It looks like the underlying stocks are trying to "climb a wall of worry" and the unexpected rise is fueled by speculators.
Dec 12 12:07 pm
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All Comments by carey_jim »Scary Foreclosure Numbers, Scarier Prospects [View article]
The massive increase of day traders seeking alpha might have something to do with the volatility.
The boom in the entire real estate sector seemed to be based more on greed than intelligent planning and now the greed is directed at tearing the meat off the bones of the rotting carcasses of abandoned shopping malls, housing tracts and office buildings.
When will the sharks turn on each other?