There was an article written 2 days ago. The highlight was how commercial real estate is in big trouble. In fact, a fed head came out to say commercial real estate is the next shoe to drop. The question to answer is: Why are commercial real estate stocks going up?
Kind of like the opposite of what we say in 07. Stocks kept going down while everybody said things were fine, now we have the reverse situation where everything is going up while everyone thinks the end of the world is still at hand. This is a great lesson for all of us. Polar opposites...extremes on both ends. And how do we harness it going forward? It's called watch the tape. Watch the market and try to stay in gear and it still isn't easy. It is work. It is not for the meek and mild, but let's hope it continues. We are all surprised by this movement and the persistence. And since a lot of people are thinking this too, it is good for the markets.