First, on our investments in GLD, SSRI, and CEF:
http://online.wsj.com/article/SB125115798031255117.html?mod=djemITP
Several very important articles lead this commentary, as their issues lead our country's issues.
1. Want to understand healthcare, and just how much we have screwed this up. Rolling Stone issue 1086, and gonzo journalist Matt Taibbi (who exposed the Goldman ruse), lets us have it:
http://taibbi.rssoundingboard.com/health-care-reform-sick-and-wrong#
This is a preview of an article written by Matt Taibbi on Health Care. Study the videos a bit, and prepare for the full article to soon be on review. Tabibbi I consider a "gonzo journalist" in the best of ways.
He has few friends in Washington, gets the facts, and is focused in this thinking on this issue
2. The second article is written by Joel Klein, Editor with Time, who carefully explains just what has happened to the GOP, and what it has done to our country:The GOP Has Become a Party of Nihilists - TIME
http://www.time.com/time/nation/article/0,8599,1917525,00.html?artId=1917525?contType=article?chn=usThe following is an articulate position that REITS may be a screaming buy. Remember, we already own NLY, up 65%, but continue to believe commercial real estate may be the next great hit of banks, and the financial sector.
http://online.barrons.com/article/SB124987654611518761.html
SRS is the same type of inverse fund we've had massive profits and one massive loss on (FAS-1400% BGZ-46%, BGU-(100%) and in the past year we've profited 11 times on SRS, both call (put to the inverse).
We currently own an October call that we've lost money on except for the day traders, who have reported daily .20 profits playing the spread. Level 3 subscriber MP sent this article:
ProShares UltraShort Real Estate (ETF) Investor Class Action Lawsuit
Class Action Lawsuit on behalf of certain investors in ProShares UltraShort Real Estate (ETF) (Public, NYSE:SRS) over alleged securities laws violations by ProShares Trust and others – Deadline: October 05, 2009 – Contact usAug 12, 2009 – An investor in ProShares UltraShort Real Estate (ETF) (Public, NYSE:SRS) has filed a proposed securities class action lawsuit against ProShares Trust, ProShare Advisors LLC, SEI Investments Distribution Co., Michael L. Sapir, Louis M. Mayberg, Russell S. Reynolds, III, Michael Wachs, and Simon D. Collier in the United States District Court for the Southern District of New York, on behalf of all persons who purchased or otherwise acquired shares in the UltraShort Real Estate ProShares fund (NYSE:SRS), an exchange-traded fund ("ETF") offered by ProShares Trust, pursuant or traceable to ProShares Trust' alleged false and misleading Registration Statement, Prospectuses, and Statements of Additional Information issued in connection with the UltraShort Real Estate ProShares fund’s shares.The UltraShort Real Estate ProShares fund seeks investment results that correspond to twice the inverse (-200%) daily performance of the Dow Jones U.S. Real Estate Index, which measures the performance of the real estate sector of the U.S. equity market. Accordingly, the SRS Fund is supposed to deliver double the inverse return of the Dow Jones U.S. Real Estate Index, which fell approximately 39.2 percent from January 2, 2008 through December 17, 2008, ostensibly creating a profit for investors who anticipated a decline in the U.S. real estate market. In other words, the UltraShort Real Estate ProShares fund should have appreciated by 78.4 percent during this period. However, the UltraShort Real Estate ProShares fund fell approximately 48.2 percent during this period -- the antithesis of a directional play, so the complaint.
