REITS - watch the actions in REITS for the animal spirits meter. They are trading with ridiculous strength that smells of shorts running for the hills. If these stocks cool off I think it will mean the squeeze has ended and a siginificant source of buying pressure will have evaporated. The SPUZ are trading lower by a couple of bucks tonight- there was no serious market info that I saw this weekend - I did notice an ad on the back of Time magazine that said "dont miss the bounce"... should it not read "you missed the bounce" remember we have rallied 50% from the lows.
Overall I enjoyed a nice weekend with the highlight being swimming with my 4 kids at the neighborhood pool - simple fun.
Get ready for more curve balls - the Cubs sure were not ready for em today as they are getting shelled 11-5 with 3 outs left for them. Im hoping for a nice down week - it will make going out to Wrigley Field tues night to see the Cubs play the Phillies that much more enjoyable.
Enjoy the last few hours of the weekend.
JB
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