Start Spreading the News: Going Long SL Green Realty

SL Green Realty Corp. (NYSE: SLG) shares have fallen close to 30% since the start of June, from the high $26 level to today's price of around $19 a share. REITs have lost their luster, but what makes SL Green so compelling is its assets in New York, and they have some of the most valuable properties in the world a la midtown Manhattan. Start spreading the news, with Q2 earnings due out on July 28th, do you bet on Sinatra's stomping grounds?

Commercial Real Estate is a big fear and unknown question that is just waiting to either kill or rally our economy and equity markets. However all the news we hear about the commercial space these days is bad, worse, and terrible. Just last week U.S. office market vacancy rate reached 15.9% in the second quarter, the highest level in four years, and rent fell by the largest amount in more than seven years as demand remained weak, according to a leading real estate research firm.