IYR Shenanigans

I don't like it. I've been watching the price action the last week or so and what is arguably the single worst sector is managing to hold it's own near 34. Just a cautionary note if you are short the IYR...Something is awry and it acts like to really wants to touch that 200day at 37. I'll admit though that I haven't been tuning in to any media lately (I prefer to read about events by credible writers), so it's possible that I missed some fundamental good news in that sector (not likely). I suspect it's team REIT promoters (GS and MER) holding it up until the REITS come with offerings number 3 through 5. This index used to swing 5% in either direction with any swings in the market. Now days it's staying flat. Short Squeeze Potential: HIGH . If it is indeed being artifically propped up, the fall will be spectacular.

Video Link Here

[Edit 12:30PM] Someone frontrunning all this? Saw this over at ZH just now: Merrill Lynch In Full REIT Upgrade Mode - The Sequel