Real Estate Analog

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Good morning, everyone. Well, it’s Revenge of the Bulls this morning, isn’t it? Meh. My options are all expiring next year, some of them 134 days out, so I’m not going to let a few minutes of a bullish fever dream rattle me.

I’d like to point out the topping pattern going on with symbol IYR, the real estate fund.


I think this is a remarkably impressive analog. Hopefully my simple mark-ups will do the talking for me: