Look out below!

I warned yesterday that the end of the quarter may well mark the end of Goldman (GS) and their Gang of 12's Global pump job and what better way to pull the rug out from under the markets than for Goldman Sachs themselves to issue a report that warns that REIT valuations seem "stretched" and they are projecting "flat to down 15% returns next year" with concerns that they are "just beginning what could be a multi-year down-cycle."