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There’s Some Irony In This Sector

Published 11/11/2016, 02:40 AM

Given the fact our forthcoming president is a real estate mogul, it’s amusing that the industry most vulnerable to a big price drop is, in fact, real estate (I’ve already witnessed it here in the Silicon Valley, where prices started slipping this summer).

Back on October 21st, before the election, I suggested ProShares UltraShort Real Estate (NYSE:SRS) as a buy. It’s up about 13% in that very short amount of time, and I think there’s plenty more to come.

ProShares UltraShort Real Estate

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Full disclosure first: I am anti-Trump. But real estate prices (and for that matter, many assets classes such as shares) are already overpriced, primarily due to low interest rate. I doubt it has anything to do with Trump, or even if he will be able to rescue it. I think a major crisis/recession is in the offing, and Trump will be one holding the bag. Better be he than Hillary :)
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