I have a minute so I thought I would put up a quick post. I can't believe that there are people still out there who believe commercial real estate is not going to be hit let alone hit as hard as I think it will be. We have Circuit City, Linens N things, KB Toys and I am sure many others going out of business. How will these mall operators continue to operate? Most have taken on a heavy debt load to finance expansion and other activities through the boom years. Soon the piper will need paid and its looking like payment will be do at the absolute worst time. The play I see setting up here is definately SRS, if you don't like the leveraged ETF's(They are satan spawns) then shorting the IYR seems to be the way to go. 2 or 3 months from now those plays should really play out.
Word of caution SRS was 300 not too long ago and is now trading in the 60's up from the 50's. i told you the leveraged ETF's were evil.
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