Friday, January 7, 2011

Keep an Eye on SRS

Today a Massachusetts High Court dealt a serious blow to the FraudClosure scandal and US Bancorp and Wells Fargo.


I can't see how this can possibly be god for real estate. SRS is a favored trade and $18.50 is a level in which I think it deserves some serious consideration.

As you can se, SRS is trading near that breakout level, as high as $18.42 today so keep this ETF on your radar-it's an inverse leveraged short on Real Estate.

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