Deepfryer999

Bottom Fishers May Find Value in Housing Stocks Like Mohawk

I just sold my USG on 11/5/08, losing more than 60% in the process. It's not worth it to hold this stock and wait for it to go up... and it's an even worse idea to start buying it now. There are too many empty houses out there, and no buyers for them. Who is going to suddenly start building new homes? Also, the rules have changed, making it much harder to buy a home. A year ago you could buy a house with no down payment... now you will probably need to put down more than 10%. That is a HUGE deal for young, first time homebuyers.

This is a good time to buy stocks while the market is down, but USG and MHK are not the way to go. I just purchased some John Deere (symbol: DE), and some PZD, a clean energy fund.