Doug Poretz

Bernanke to the Rescue: Homebuilders Bounce - For Now

I have a brother in the mortgage business. His phone is going off the hook too. Yay! The market has already hit bottom and is starting a movement back north. Unfortunately, my brother can't get very many of those loans to actually happen, and you won't get many of your leads to become buyers. When you take off your tinted glasses, look at virtually every trend line that exists from the price of oil to what's happening with jobs, cars, housing, financial crisis, etc. etc., and see that they are continuing to go further south, you better buckle your seat belt and become highly defensive of your capital. It is going to be worse than people currently dare to think -- cash will be king like never before.