Long-time readers (heh) will recall that Frothing Developer has put its money where its mouth is and bet big on Las Vegas in the housing futures market.
I’m pleased to report that the bid on November 2012 contracts has risen to 132 from the 130 where I was able to buy my last contracts and – get this- the ask is up to 155. Lord knows if anyone at this point is going to be dumb enough to sell contracts at these low prices. I’m going to keep buying them, though. You can follow the action at http://housingrdc.cme.com/