Thursday, August 20, 2009

Office Reits

Well if there was ever a powerhouse sector such as commercial real estate, it would have to be Office Reits, the P/E ratio is 317. No joke, see attached. I hardly can even come up with a conspiracy theory to make that make sense.

God save you if you have been shorting them.

Lots of speeches on expiry day...same day as existing housing...hmmm...are they trying to sway things upward? Sure confidence is great, but not if you are standing on a house of cards. Then it is foolhardy.

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Insightful and Useful Comment!