In spite of this stupid market soaring to lifetime highs every day, I’m doing all right. I’m up 1% now in my all-short portfolio, and one of my winners is Arcadia Realty (symbol AKR):
Depending on where you live in the country, you may or may not have any knowledge about Chinese superstition with respect to numbers. . I’ve got a passing understanding of it, which is why real estate ads like these (which I just tore out of the morning paper) strike me as intended for Asian buyers here in the SF Bay Area.
As God Intended……..
I think real estate is screwed and tattooed. For those who want an instrument to take advantage of this, you might consider triple-bearish-on-real-estate fund DRV, which just had a bullish breakout today.