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Michael Shulman's surprised that the Street was surprised by this morning's weak housing data:...

Michael Shulman's surprised that the Street was surprised by this morning's weak housing data: "What did people expect after the expiration of the home buyer tax credit, with unemployment north of 20% in the real world, and Freddie (FRE) and Fannie (FNM) now responsible for more than 97% of all new mortgages?" Shulman believes we're only 25-33% through the foreclosure crisis.
Comments (3)
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    "The Street" gets paid to be bullish. Their so-called analysis begins with the conclusion.
    16 Jun 2010, 12:28 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (5841) | Send Message
     
    Makes me wonder if he looked at the data. The problem was the South and that may have everything to do with the BP spill and nothing else. Would you buy a house is you worked in offshore drilling with the President talking about banning your job?
    16 Jun 2010, 12:36 PM Reply Like
  • airbuscaptain
    , contributor
    Comments (3) | Send Message
     
    Ya might want to look at CLH after all of this!
    16 Jun 2010, 09:41 PM Reply Like
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