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Previously bearish big players are betting on a rebound in housing, buying the stocks and bonds...

Previously bearish big players are betting on a rebound in housing, buying the stocks and bonds of builders such as Pulte (PHM), Beazer (BZH), and Hovnanian (HOV). Ivy Zelman switches sides as well, believing higher rents will push would-be buyers out of their apartments. "The smartest money in the world has been carried out on stretchers betting on a true recovery for housing," cautions Mark Hanson.
Comments (1)
  • Ananthan Thangavel
    , contributor
    Comments (828) | Send Message
     
    Wow, I really can't believe John Paulson said "Italy and Spain face liquidity, not solvency issues." I wonder whether he really believes this, or is just hoping that it will come true if he says it.
    29 Dec 2011, 12:31 PM Reply Like
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