bowtrix

It's Over: The Housing Bubble Just Popped

Short
AMEX:XLRE   Real Estate Select Sector SPDR Fund (The)
According to our elliot wave analysis, the US housing bubble has finally come to an end. This will spell out total destruction of most risk assets, so it's a good time to invest cautiously.

It won't take investors long to realize what is taking place. They are leveraged 10 to 1 on their real estate bets, so even a 10% move down starts sending margin calls out, and we see a liquidation cascade of epic proportions. They will also start to realize that real estate is a COMMODITY, and that commodities are NOT investments, because they only go down over the long term.

Thanks for playing.
Comment: Never mind. I just found out that I agree with Graham Stephan on this one, and since he is almost always wrong, I am cancelling the idea.
Order cancelled

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