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Maybe it's time to sell your gold and put it back into real estate
Interesting...
For some perspective on the single-family home market, today's chart presents the median single-family home price divided by the price of one ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of gold. For example, it currently takes a relatively low 116 ounces of gold to buy the median single-family home. This is dramatically less than the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 74% from its 2001 peak. Since making new 32 year lows last year, home prices (priced in that other global currency -- gold) have worked their way higher. In fact, the median single-family home priced in gold has just broken above its eight-year, downward sloping trend channel.
SRS Chart......ProShares UltraShort Real Estate Fund.........MACD Bullish Crossver Alert.........
Bullish Engulfing pattern formed on the 6th & SRS confirmed the Buy signal on the 7th.......SRS has been bumping against MA(10) @ 21.35.......
This chart shows Real Estate has been doing well.........will the trend continue?.....keep an EYE on MA(20).......$$$
You think shorting this is the best for a while....
SRS reverse split today 1 for 3
ProShares, the world's largest provider of leveraged and inverse funds, will do 1-for-3 reverse share splits on three of its double-exposure inverse funds, effective Oct. 13, the New York Stock Exchange said.
The funds are:
• ProShares UltraShort Real Estate ETF (NYSEArca:SRS - News)
• ProShares UltraShort Utilities ETF (NYSEArca:SDP - News)
• ProShares UltraShort Yen ETF (NYSEArca:YCS - News)
How can this etf be so bad when the real estate market is so bad?
Picked up some Jan 19's for a flip. See if the trendline will hold around $19.10. If not I'm out.
The only reason why housing prices have stabalized short-term is because the banks of which own 80% of the US market have haulted foreclosures on homes.
And the only reason why house prices won't collapse in the long-term is because the government is devaluing the US dollar so the major banks don't take a hit. Home prices ARE being devalued by the fall in the dollar. Food produce inflation was in the double digits in the month of September alone. Cotton, coffee and cocoa had similar inflation numbers in the month of September as well.
The dollar is soon to be worthless. Global countries are in a race to see who can devalue their currency the fastest. This talk about 'stimulus money' is false. The printed money only supports false GDP numbers. The only reason why the US economy isn't showing monthly contraction numbers is because of this stimulus money that has been poured into the US economy. Anyone who thinks this is good better take a hard look at how much their living expenses rise month to month in the next year.
Closed for loss 21.55
Short SRS 21.24
That move is mostly over. prices have come way down in many parts of the country. they will not go up any time soon but the bulk of the down is done imo. a better play would be to sell calls on whatever you find to short the housing market. with not much chance of it moving up and only going down or sideways you could bank the premie every month
trade for canned goods and ammo
and move to an island
thanks for the ray of sunshine
Hmmm....I am trying to take advantage of the next and MUCH LARGER housing industry collapse. I am looking for a stock that has a 2-3 times short position on residential real-estate. Do you know of one?
This stock will do VERY well next year, IMO.
-TIA
Does this stock have exposure to the residential housing industry as well, or is it mainly exposed to commercial real-estate?
-TIA
Closed all short positions. VIX (31.93) is down over 6% since yesterdays highs, but prices are not reflecting that yet. The fundis is in an upward trend that is being established.. SPY is still hovering in the 104 area, and the S&P is still in the 1040 area, but I am expecting markets to improve for the next few days, trading in the consolidation area perhaps, but improving. At this point, I may be wrong, but I am not expecting the Dow to reach 9500 range at this time.
I'll be looking for the next short trend to develop going into August... We'll see SRS has been extremely hard to nail down for more than 8 months. Am not sure when commercial real estate numbers will be used to offset the REITs that report their funding avenues and continue to move along without much market reactions.
Agreed, they are not related, but my S&P target of 1120 was touched and retracted from, the $VIX is at the 200DMA $23.84, the DOW can't break resistance, banks are facing a large default/ and or swap in failed commercial loans due to retail failures. The public has no income/jobs. Something big is about to happen in July, I see it in all the fundamentals. Oil, etc.
And yep, it was a good question, and though it may read like I may have lost it, ... my random answer is do to a quick note, and not much time...
I also publish a list of all Bank and Credit Union failures.
http://ocnww.blogspot.com/
I am also adding TZA and FAZ positions and adding to my EDZ position. I just saw EDC hit resistance also. I should be out of my oil next week and short most sectors going into July.
I hope that helps...
GLTY JMHO...
btrain
Why would you short commercial real estate based on your reading of the S&P volatility index?
$VIX at the 200DMA at $23.93, I am adding here. It looks like something is about to give. JMHO
btrain
Great couple days here.Looks like I got in just in time.
I believe that this european bailout of greece will fail and cause our markets to crash again and SRS will reap the benefits!!!!!!
Nuther great day here.World markets crashing,obama takes over our internet ( http://www.thecitizennews.com/node/2346)and SRS runs....
SRS seems to always go opposite the markets.
And heck the realestate market is slowly gaining life.
after the reverse split I expect this thing to run soon.
Lets hope the markets tank and this one rallies
Yes, and some calls would be in order.
Actually I said that backwards...
You get 1 new for 5 old.
Dick Milde
i was too lazy to hit that link lol
Yes... 5 for 1 reverse split.
Read the link at my last post.
Dick Milde
it reverse split? - was it 1 for 5?
Looks like a 5 bagger !
SRS is trading at $27+
http://finance.yahoo.com/news/ProShares-Plans-Reverse-etfguide-3112205133.html?x=0&.v=1
Anybody want to place a bet on the price 6 months to a year from now?
Dick Milde
10 big commercial real estate busts
http://money.cnn.com/galleries/2010/real_estate/1004/gallery.commercial_real_estate/index.html
you mean help someone short real estate? geithner's been talking down commercial real estate all the way thru a 100% rally in the djusre index
Page 89 - this is about their commodity funds.
SHARE SPLITS
If the Sponsor believes that the per Share price of a Fund in the secondary market has fallen outside a
desirable trading price range, the Sponsor may direct the Trust to declare a split or reverse split in the number of
Shares outstanding and to make a corresponding change in the number of Shares of such Fund constituting a
Creation Unit.
http://www.proshares.com/media/documents/ProSharesCommodityCurrencyProspectus.pdf
Creation Units You must purchase Shares in large blocks,
known as “Creation Units.” For each Fund, a Creation
Unit is comprised of 75,000 shares.
For any particular Fund, the number of Shares in a
Creation Unit will not change, except in the event of a
share split, reverse split or similar revaluation. The
Funds will not issue fractional Creation Units. The
Funds reserve the right to reject purchase orders in
certain circumstances, as described in the SAI.
page 143
http://www.proshares.com/media/documents/ProSharesProspectus.pdf
that is very slow to load
372 pages, and no reverse split provisions I can find.
I searched for "split" and got no results
"reverse" only had hits on reverse repos
http://www.proshares.com/funds/prospectus.html?ticker=srs&doc=1
I haven't read the prospectus...
I tried to down load it and my computer locked up. Maybe you can get it to work at this site: ( under "short sector" SRS )
http://www.proshares.com/resources/litcenter/summary_prospectuses.html
Here is a telephone number:
http://finance.yahoo.com/q/pr?s=SRS
I'm sure they will have the provisions for stock splits.
Dick Milde
What are the reverse split provisions in the prospectus?
An ETN I follow had a below $25 per share trigger.
I think there is a below $5 provision with all the Proshares ETFs that they are authorized to R/S any time it drops below that price, but I don't remember
Interesting and I see your point and math never lies.
However I do believe that the SRS and DRV have used a similar example for keeping the SEC and others away from the real truth.
I'm not disagreeing with your example.... I just think that the SRS and DRV are dealing with alot of extra influences.
Cheers
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General Information
ProShares UltraShort Real Estate seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Real Estate Index. The Dow Jones U.S. Real Estate Index http://www.djindexes.com/mdsidx/downloads/fact_info/USRealEstate_info.pdf measures the performance of the real estate industry of the U.S. equity market. Component companies include those that invest directly or indirectly through development, management or ownership of shopping malls, apartment buildings and housing developments; and real estate investment trusts ("REITs") that invest in apartments, office and retail properties. REITs are passive investment vehicles that invest primarily in income-producing real estate or real estate related loans or interests. It is not possible to invest directly in an index. If you are negative about commercial real estate, this is the ETF for you. If not, URE should be your choice. See #board-14698
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