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December 22, 2008


Rubicon L

Holy shit the numbers in that report are staggering. The biggest surprise to me is the alarming rate of increase of "prime" (or the artist formerly known as prime) foreclosures. And all i see on the soapbox everyday is we are out of the woods, rally caps, 2nd half 09 we recover etc....the DJ Real Estate index is off the charts since 11/20 lows....just seems unsustainable. Time to layer back into RE/REIT short?

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