Home Builder Stocks up 7.5%

Or maybe in this case buy high sell low, time will tell. they will have to go up eventually, but how long ? This is probably thinking that spring is comig and traditional home building
season and with the rate drop that more will build homes ?

I guess they are just trying to find someplace to put their money ?
 
I'd wait alot more write downs coming but I'm in the Mortgage markets I study the #'s daily. Way too much inventory and land prices are way too high mix it with no one taking anything besides A paper and you know there is a ways to go. Also the thing most investors don't understand is all the fraud commited and those defaults on WAY overvalued homes are coming in 08.
 
I think the banks will be a better buy, not that I have any cash to put in. The homebuilders have shitloads of inventory and will for a while. The banks can lend in better places and the FED is giving them money.
 
Financials is probably a good long term bet. Although I think they will go lower, in the long run they're good deals.
 
uscitizen said:
CA had a four hundred and some percent rise in foreclosures in the last quarter of 2007.
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That's just the second run. The McMansions have just started going as well. Hold on to your hats, folks. This ride has barely started and its designed to produce nausea.
 
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