Wednesday, May 11, 2011

Housing Prices Will Lead to Double Dip Recession: 3 Short Plays

"Alas, the double dip recession has arrived. It seems that everyone and their mother in financial media predicted this moment. It goes without saying that this was a long time coming. However, I am certain that I will be among the first to give a glimpse to what exactly the bottom may look like (whenever it arrives) and the new reality that maybe the U.S. home market. Economist Robert Shiller thinks home prices will drop between 5- 10% this year alone. Rather than get caught watching here are some short plays that maybe profitable during this decline. The SPDR KBW Bank Index ETF (KBR), Western Alliance Bancorp (WAL) and Cathay General Bancorp (CATY) all have significant downside correlation to the Case Shiller housing prices index:..."

at http://seekingalpha.com/article/269375-housing-prices-will-lead-to-double-dip-recession-3-short-plays?source=feed

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