PowaySeller – I work for one of the wirehouses. Our structured product desk in New York is constantly creating new products. Last year they came out with an 18 month “Bear Note” that shorted the HGX (Home Builder Index). There is currently a note that is long Asian currencies – short US dollar. I share your views on housing. I also am a firm believer in Modern Portfolio Theory. I recommend you call a couple of wirehouses and ask about their structured products. I have worked with the structured product desk to create custom investments for clients with at least $1mm to invest in structured products.
