If you are short housing stocks be careful | stockbee

3/22/2007

If you are short housing stocks be careful



The British rag,The Economist is by far the best contrary indicator.

4 comments:

F. said...

Good call. I think this is a shakeout in housing, but I'm no expert.

F. said...

Yep, fade the hype:

http://www.bloomberg.com/apps/news
?pid=20601087&sid=ayLeY6IbxPu4
&refer=home

Missy said...

we may have one more good bounce in housing, the subprime devils are going to be given a break but who is left to buy houses at these prices?

That's the outlier?

The Sound said...

pradeep,

That's sensationalism. I shorted all of the homebuilders and most of the lenders earlier this year, and only have a few left where I have not yet exited for a double.