XLF and IYR

Nearing the close we have financials up 13% and the real estate index up 9% . It's is your author's humble opinion that these moves are not natural, nor would I view this as a positive move over the medium term. I obviously have a bearish stance on REITS and it does irritate me to see the unwinding of the SRS traders and short covering with the market moving higher but then again these things I expect as the market ebbs and flows. It's not realistic to expect someone to be able to consistently time the market, which is why I chose to position trade. I got my SPG puts close enough to 50 ($49) so I'm ready for the REITards to run me over! If this blows up in my face, please don't tell anyone I got beat up by a bunch of REITards.

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