number2son

Shorting the Homebuilders as Their Stocks Surge

Bill Miller, tomyris and islandcreek provide amble evidence that the bear market for housing stocks still has a long way to go.

Miller made a colossal error in 2005 in buying home builder stocks at their top. Now he claims to be buying the bottom. He is either afflicted with fatal arrogance or stupidity. It makes no difference to me either way, but what does matter is that he is as wrong now as he was in 2005. In that, he has been consistent.