stu

The WSJ Is Wrong on the Housing Crisis

When you download the q407 SEC filing of the WSJ author's hedge fund, you find:

* 80,000 shares of Lennar
* 72,000 shares of Centex
* 165,000 shares of DR Horton
* 20,000 shares of Hovnanian
* 14,000 shares of Meritage
* 110,000 shares of Pulte
* 70,000 shares of Toll Brothers

And, just for kicks:

* 27,000 shares of Bear Stearns
* 170,000 shares of Citigroup
* 130,000 shares of Goldman Sachs
* 65,000 shares of Citizens Bank
* 440,000 shares of Morgan Stanley
* 102,000 shares of Morgan Stanley China

From a Calculating Risk comment