What is the reason why Dubai is defaulting?? Because they cant rent or sell the tremendous amount of Real Estate that has been constructed over there - so what sector took off in the last hour with a vengeance rarely seen? The REITS!!
SPG +2.93
DLR +2.13
AVB +3.12
ACC +.93
These real estate plays were hotter than a hooker in a room full of 16 year old boys! Once again the logical trade NEVER works!!
The other news of the day was that Target stinks, TGT -1.14 and AMZN is hot to trot +4.17 - apparently online shopping is really catching on (duh!!!!!!!!!!!)
Have a good evening
JB
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