Still Don't Like Simon

I believe Simon Property Group is a horrible long term investment. It is overpriced, it faces the secular headwinds of a move towards shopping online and consumer deleveraging. However, it has moved down strongly in recent days and in the short term the case for underperformance is a little weaker. That is why I covered my short and shorted SPY instead.

3 comments:

nicasurfer said...

VXX could be trade here at these levels

nicasurfer said...

Also i am thinking this google vs aapl is bad for both of them.

Anonymous said...

Looks like I nailed another one....
I posted this December 31.

Looks like GS is breaking out of it's range. If it closes above 168.64 I figure it goes to 180's next month. Happy New Year people!

December 31, 2009 11:00 AM