Sunday, January 24, 2010

SRS

Halftime of the Jets - Colts game and I came across this chart. (Get a life.)  SRS is a 3X beta bear real estate ETF.  In November of 2008, it peaked north of $295.  Today, SRS is trading at $8 and change.



As you can see in the chart above, the Daily trend has turned up.  In light of some of the most dramatic and pessimistic forecasts out there, this one might be worth keeping an eye on. SRS has some intriguing looking option plays as well. Game on.

A