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Latest | Highest ratedHomebuilders, Commodities and Diesel [View article]
The problem has now become: who, if anyone, will be given these 0 down mortgages? Even if they CAN get one, who wants a home that may depreciate ANOTHER 25% in the next 12 months? With the economy in such dire straits, gas at $4....soon to be $4.50.... a gallon for regular (not to mention deisel), and consumer confidence at all time lows, why would anyone buy a house?
And if the new Democratic regime will raise capital gains taxes, and taxes on dividends, why should anyone want to buy a share of stock? (unless you are buying some of the ProShares Inverse ETF's).
Don't get me wrong, there are probably 50-100 agriculture, natural resource, steel stocks, a few heavy machinery stocks and a few special situations that make sense here but the great majority of stocks won't make sense (or money for those that own them) for the next 4-5 years.