sickofthehype

Homebuilder Values Overshot to the Downside?

The pendulum generally swings too far in times of trouble, regardless of the market. Look at oil - 'It will never come down, we're doomed!' Look at housing - 'It's a terrible time to buy, values will keep going down for years!' Look at mortgage rates - 'Rates will NEVER be this low again' Look at inflation and the dollar - 'We're doomed!!!!' See a pattern?

Those who take advantage of the over-swings make nice profits off the fears of everyone else...