no seals in Florida.
Neo kind of hit it on the head, it is the institutional investors, they drove up the real estate market, when all the idiots jumped in, they pulled out and left the small investors holding the bag, along with the mortgage companies. Now these huge investors have gotten into oil futures, they are bidding them up like crazy and making lots of money, as the the smaller investors get in looking for a quick buck the institutional investor will abandon this market as well. Causing another major adjustment.
It is called a "bubble market" and it can be directly correlated with institutional trading (Insurance companies, Retirement funds). There will be a major adjustment in the oil market soon.
Anybody want to guess what the institutional traders will hit next?
US commercial real estate...........you heard it here first.