Back in the day, I used to track a stock called Pennsylvania Real Estate (symbol PEI). I don’t remember why I stopped watching it – – maybe the options didn’t exist, or were thinly traded – – but I tossed it to my secondary watch list. I stumbled upon it today, and I can only say WOW. Down from over $250 to just a few bucks. I guess we’ve out-bubbled the former housing bubble.
