and that is disturbing to my account and to the trend at hand. I still believe commodities have a long way to go to correct the sell off, but the market in general needs a healthy rally in sectors that are in need of real financing and a real demand, such as utilities.
The idea that people would flock to commercial real estate before utilities kind of surprises me. NRG which is a buy out candidate is down on the day! WEC which sells assets is down on the day! But not KWK, in the oil sector, which is up on asset sales.
And how can financial institutions that have been around for over a hundred years go bankrupt, GM be close to bankruptcy, Ross Perot's, the famous presidential candidate and savvy businessman, real estate hedge fund go bust, the Tribune file for bankruptcy, but not one of the dominant REIT players?
Additionally, real buying comes incrementally, not explosively. This is short covering, but will the short convert to longs?
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