The housing stocks are not reacting to fundamentals but to the injection of a bailout mentality by the Feds. The Democrats won't allow the market bubble, in terms of still very high average home prices, to burst. If investors thought that the Feds. were through propping up the housing industry, the housing sector would takea nose dive!
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The housing stocks are not reacting to fundamentals but to the injection of a bailout mentality by the Feds. The Democrats won't allow the market bubble, in terms of still very high average home prices, to burst. If investors thought that the Feds. were through propping up the housing industry, the housing sector would takea nose dive!
Apr 29 12:55 pm
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All Comments by Jeff Roundy »Are Homebuilders a Buy? [View article]