This is one you just gotta see. http://www.slate.com/id/2216238/ has an interactive map of vanishing employment across the country. Push the play button and watch 5 million jobs disappear and where. It is quite fascinating. Mish has a small write up on this as well. This is a must clicker.
and
From Marketwatch: General Growth Properties files for bankruptcy - General Growth said it filed for bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. In addition, approximately 158 regional shopping centers also filed for protection.
We've been waiting for the commercial real estate shoe to drop, so why not start with the nations second largest.
http://www.marketwatch.com/news/story/story.aspx?guid=%7BEE6CE352%2D8D6C%2D4E52%2D9142%2D86608A2404AF%7D&siteid=rss
and yet the rally won't end.... kill the rally, kill the rally!!!!!! thanks for dropping by and saying hey.... you should sign up for adsense..... I like those adds!!!! and they bring you dough.....
ReplyDeletehi shankey, despite GGP bankruptcy, SPG/VNO/BXP/IYR keep rallying huge today?
ReplyDeleteor is it just a massive short squeeze?
i really like SRS at these point or sell short IYR naked calls?
what's ur thoughts?