Sorry, I could not help myself. Commercial Re is getting face lifted today, thanks to stretched valuations. Names like BRE Properties, Inc. [[BRE]] , Developers Diversified Realty Corp. [[DDR]] and The Macerich Company [[MAC]] are dropping, deservedly so. If there was a place worth betting against, in my humble estimation, it is the commercial real estate sector. Those fucking stocks have run up so much, so quickly, they are due for a severe lashing. I don’t care if the economy comes roaring back; the [[IYR]] is too rich up here. Having said that, I opt to not sell it short or delve into [[SRS]] . That’s a personal decision that I am able to live with. Some of you are perfectly comfortable walking around your neighborhoods, clad in pajamas and slippers. I, on the other hand, enjoy dressing myself to look like a human being, a clean one at that.
Let me be clear: I am heavily caffeinated, at all times. My beverage routine goes something like this: coffee, red bull, coffee, coffee, monster, coffee, earl grey tea, coffee, coffee, coffee, coffee, coffee etc. In between all of that caffeine consumption, I brush my teeth about 40 times. Remember boys and girls, cleanliness is next to Godliness. Quit being so fucking disgusting; go wash your hair.
On this dip, I like Ctrip.com International, Ltd. (ADR) [[CTRP]] , Nucor Corporation [[NUE]] and SandRidge Energy Inc. [[SD]] .
Bottom line: prepare for a two way market; but prepare to go higher, ultimately.
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