t-bird

Hovnanian's CEO Foresees Housing Recovery

Other than Toll I would stay away from this sector.

For an insight into the housing problem an excellent article that was on Bloomberg earlier this week....

Read and heed this information, PLEASE!

www.bloomberg.com/apps...

Shorting the Homebuilders as Their Stocks Surge

Island Creek, I manage a seven figure family trust. Been investing for over 30 years and handle my own financial decisions. I have grown this trust over the last five years with an average compounded return of 18-20%. It is individuals like you with their Pollyanna attitude who are financial planners and are only interested in their fees and commissions.
The problem with the credit markets is not credit related. It is one of liquidity and solvency.
Remember what I said in my earlier post this time next year.

Shorting the Homebuilders as Their Stocks Surge

Island Creek; if you have been a financial advisor for 27 years I only thank the Holy Father that you do not manage my portfolio. I have been investing for over 30 years and manage my own.

I hope you remember your comment that this crisis will be over with this time next year.

Shorting the Homebuilders as Their Stocks Surge

The analyst quoted did well with his fund while the market was rising. Look how he is doing now. Negative numbers.

Unlike 90-91 we are in a liquidity and solvency crisis. Individuals in 90-91 were not loaded with debt that they cannot adequately service. I see much further decline in the homebuilders and will add to my positions with HOV, LEN and BZH. I predict BZH will be in Ch. 11 by Summer or early Fall.