RW

Homebuilders: Climbing The Walls of Worry

A long read to say nothing. This is about 3-6 months to early and the big guys calling the bottom is only going to prolong the real bottom. Who is really going to put long term money in housing before the end of this year? Only the guys trying to create an artifical bottom. Everyone I know that is in the market for a house is still waiting for the prices to go lower and see if the intrest rates go lower before they lock in. Everyone knows rates aren't going up any time soon, so why buy now. And no the tax break this late in the year isn't enough to make a difference.

Another Absurd Homebuilder Rally

True, but Kim gives us a chance to pick up long term puts at a discount. I wonder how many of his colleges are taking advantage of this?