islandcreek

Shorting the Homebuilders as Their Stocks Surge

LOD, You are right on both counts on FPs. Yes, like your friend there are many who are competent and successful. Unfortunately for me and him, there are far too many others who are glorified insurance agents. I do not blame the public for being negative on FPs. They need to do their homework to find a good one. The best and most respected credential is CFP.

Shorting the Homebuilders as Their Stocks Surge

133274, I lived through the Hunt Silver Crisis in 1980, The crash of '87, the S&L crisis and the high tech bubble. In my humble opinion, this time is not different, because it is never different this time. As rpccpa, pointed out, the banks always win. Why, because regardless of what you think of bankers, they are the underpinning of our economy. It may take a while but life will go on. Meanwhile, congratulations on your returns. Like Bill Miller the last couple of years, your're probably about to revert back to the mean like everyone does eventually. Enjoy.

Shorting the Homebuilders as Their Stocks Surge

User 133274, I will remember my comments at this time next year. You sound like all the people who come to me, and ask me to give them numbers on how well I've done for my clients. But when I ask them the same question, they can't tell me how they've done on their own. It is easy to tell the difference between the pros and the amateurs on this forum. I'll take Bill Miller's opinion over yours every day.

Shorting the Homebuilders as Their Stocks Surge

As a financial advisor for more than 27 years, I also lived through the S&L crisis. I agree with tomris and bill miller. If you look carefully at the chart of Pulte, for instance, it had a rally of better than 25% from june, 2006 through feb 2007. I believe that was the rally before the futher decline that you think you see now. Nine months from now the present crisis will be history. Don't fight the last war.