ICouldBeWrong

Time To Cover Those Housing Shorts

Thanks for this article Cam. I appreciate the time you put into it, and are following your work with interest.

John: I don't think Cam is calling a bottom in real estate, because under the homebuilders chart he writes 'Warning: I am not calling a real estate bottom!', and later writes 'Meredith Whitney, who correctly called the credit and housing crisis, is also forecasting further downside in housing because of tightening credit conditions:'.

Instead Cam appears to be calling the beginning of a bottoming process in homebuilders.