Simon Property Group (SPG)

Commercial Real Estate and non-residential investment lags residential investment by nearly a year. Lots of bottom calling in housing and value players liking REITS. I remember those very same people back in 2Q 2008 talking the same book. How'd that work out for ya?

Currently SPG is compressing near the $50.00 area. This is evident in the DMI as well as a confluence of the 20 and 50 day moving averages. In the few days it should tell us if it's going to push to the $65 or it going to $45.

I've already mentioned this is one of my long-term shorts, but I will acknowledge that it's possible this thing could make it all the way up to $65 if those "Value Players" keep buying up REITS. If I get so lucky you can rest assured I will be putting on the 2nd half of that position up there.

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