Brian A. Davis

Homebuilders, Commodities and Diesel

Excellent post Adam and Dr. Mike,
The point that homebuilders are still "finding buyers" for homes is out-right scary. It sounds as though the homebuilding sector has become the equivalent of JD By Rider cards... And in the car business the old saying is "There's an ass for every seat!" I can only imagine some of the creative financing options that are now available...this will dry up soon. Dr. Mike is correct...After all, how many bottom feeders are really out there to pick up homes when gas is sky-high?
I'll make a prediction here about the gas prices. They will stay high, and spike a little more...creating another bubble in Green Energies... When the new Green Cars get put into production, oil companies will drop prices and crush the competition. We'll forget about Green Energies again...until it really hurts.
Maybe another side story in Africa would be infrastructure companies. Although GE is has not performed well lately, the infrastructure division was one of the most profitable.