(click to enlarge)How to play it:
- Short Commercial Real Estate (short CBG, short GGP, long SRS)
- Short Credit Card Companies (short COF, short DFS)
- Short banks with lots of leverage, lots of derivative exposure, and lots of residential/commercial real estate exposure (short HBC, WM)
One caveat with all those picks: You've got to monitor your positions like a hawk. The slightest bit of positive news can send these things skyrocketing due to short covering. Use stops, use your brain, and be swift.
Full disclosure: At the time of publication, MarketFolly was short COF, CBG, WM, GGP, HBC via puts
1 comments:
I was watching the COF, DFS last week and sadly DFS is actually breaking out. Wonders never cease
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