Whitestone REITShort
A fantastic short opportunity in a REIT - WSR
Updated
I'm full on bearish. Why? I just went to the grocery store and dropped $400. I filled up my diesel truck at $5 a gallon. Russia is attacking nuclear power plants. The 30 year mortgage rate has climbed nearly 1% in the last month. The Fed is going to raise short term rates, perhaps aggressively so. So to celebrate this generally awful outlook I'm going to post what appears to be a slam-dunk of a short. This is a long term monthly chart, but you'll see on the weekly and daily that the thing has spiked up unsustainably lately and Mr. Market is going to pop this balloon very soon. When he does, it'll fall significantly and rather quickly, according to past history.
If you're long in anything other than commodity based stocks or commodities themselves, the odds are stacked against you. "buy the dip" at your own peril.
Want to see how bad inflation has been the last 30 days? Check out this link of mine to see it. (Warning, Mature Audiences only! This is not for the faint of heart!)
If you're long in anything other than commodity based stocks or commodities themselves, the odds are stacked against you. "buy the dip" at your own peril.
Want to see how bad inflation has been the last 30 days? Check out this link of mine to see it. (Warning, Mature Audiences only! This is not for the faint of heart!)
Trade active
Still in it, still believe in the short. Market still sucks, although it's due for a short term rebound.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.