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Black gold

Keeping your powder dry? Good idea, because it will be some time before the commercial real estate markets settle into a bottom. You'll probably be waiting well into next year or even later depending on how long it takes for the economy to regear. And for all the happy talk around the stock market,...

By Jonathan D. Miller | Updated on April 13, 2009

Keeping your powder dry? Good idea, because it will be some time before the commercial real estate markets settle into a bottom. You'll probably be waiting well into next year or even later depending on how long it takes for the economy to regear. And for all the happy talk around the stock market, it's much more appropriate for real estate investors to watch employment numbers, which will continue to track down for months to come.

So where do you put your money? Bank stocks still seem like a dicey proposition–the financial institutions have done nothing yet to address their toxic portfolios, require bailout bucks to cushion themselves, and will deal with more losses from credit card problems and, oh yeah, commercial real estate debacles.

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