REal estate plays for major cities
Started Jul 02 2009 at 6:31PM (EST) (By beancounter)
New Index out by Case-Shiller & Co. UMM and DMM to play the price changes in the real estate markets in the 10 major cities. UMM if you expect upside and DMM if you expect things to head south - and they're 2X leverage I believe.
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2 Comments
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maven100
Jul 02 2009 at 9:41PM (EST)
interesting...but i would wait to trade it until it becomes liquid enough...new etfs generally are very inefficient in the beginning. still, would be useful to use it to gauge the sentiment.
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ellkell
Jul 02 2009 at 9:43PM (EST)
nice find beany. it cant go too much lower i would guess...