Okedoke

So I mentioned before that General Growth properties (GGWPQ) has been on a major tear - from about .50 cents within the last 6 or 7 months up to $10.75 today. Bill Ackman has made a fortune (or another one) on this bet. I just read a piece he wrote about Mall Reits "still being cheap" - As a board member of GGWPQ he is privy to lots of information about potential deals for the company , the Wall St. Journal has been suggesting that SPG (simon Prop group) and Brookfield Malls are interested in acquiring the company - I would l0ve to see in those meetings if Ackman is saying give us stock or is he saying sorry cash only bids!!
I never go to malls so I have no idea what is going on in that world but I sure do see for rent signs EVERYWHERE!!!!!
It is so funny to me that people continue to kid themselves that the market is back to normal - unless employment starts to grow soon and government tax receipts start to increase we are going to eventually buckle under the weight of all the goverments debt. The people in Washington are morons they have no clue anymore what it means to be a normal citizen - when was the last time anyone of those senators or congressman stood in line at the grocery store or paid some bills - they cant govern effectively b/c they in Washington invariably lose touch with what it means to be a normal citizen - Im not really sure where this rant is coming from but you got it anyways.

Cya tomorrow

JB