hmorgan

Why I'm Bullish on Homebuilders

Sean,
I have to agree with you on this one. Nice post. Another beaten down inflation sensitive play is REITS (ICF). Obviously there is serious fundamental issues but those seem more than fully reflected in this ETF's price. What are your thoughts there?

Herb Morgan
Efficient Market Advisors, LLC

Time to Buy the Homebuilders

Thank you all for your comments. I'm honored somebody reads my posts. I find buying when fundamentals are poor based on conviction they will ultimately improve has rewarded investors over and over again. In fact, the only way things get really cheap is for fundamentals to get very bad. I expect the homebuilders to rise substantially well in advance of significant improvement in their fortunes. Two to three years from now when business is booming, I will recommend exit from this trade. Finally, my skin is thick but still this site's value would impove if more participants would express their opposiving viewpoints in a more civil tone.

The NAR's Latest Housing Numbers: Cutting Through the Bull

Mr. Lee,

Interesting interpretation of the data. I'm happy to take the other side of that trade. You may want to look deeper at the inventory data. The inventory rose 5.1% from January to February, however inventory is down 17% from its high of 4.575mm units in July.

Herb W. Morgan
Efficient Market Advisors, LLC

Five Opportunities To Consider Amidst This Selloff

In structured finance, the word tranche (sometimes traunche) refers to......