Wait A Second, Homebuilders Upgraded

[murray t turtle]

More than a few areas in real estate are uptrending;
that upgrade does sound like they are hoping to find a few buyers in a scanty sector perhaps.

And for those who always need a reason for stocks moving;
maybe thats why ES,SPY, DIA,QQQQ are down this premarket

 

[ByLoSellHi]

Hey, don't forget - commercial real estate is going to 'soften' the blow of a disastrous residential market...










...Aren't talking points great? :eek:



The real estate bubble is real, and is actually the largest 'credit' bubble in history, by the numbers.

 

[rhymeswithorang]

tell you what, I bet the market knows more than you guys and the homebuilders have been moving higher since mid-June, right around the time all the dummies woke up and realized housing is coming off. The news is in the stocks, they have been barraged with negative news, yet up they go. Seems pretty bullish to me. Flame away.

 

[BlueHorseshoe]

For analists, catching a falling knife is cheap - nothing on the line. Just be grateful JP analist gave you another short entry.

 

[S2007S]

Quote from S2007S:

“Although the impact of alternative mortgage products and adjustable-rate mortgage resets have yet to be felt, Fitch views the recent repurchase uptick as a rational self-correcting mechanism.”


thats all i wanted to hear.....

$500 billion worth of ARMS to reset by the end of 2006 and another $1-2 TRILLION worth in 2007. Could this be great for the slowing economy. Hmmm...

They have yet to be felt means its only going to get worse. 40% of the jobs created in the last 5 years came from construction, real estate agents, mortgage lending etc etc etc...With this sector slowing its going to have a deep impact on this economy.

JUST LIKE I HAVE BEEN SAYING. As ARMS reset EXPECT A great amount of FORECLOSURES.

Foreclosures rise as ARMs reset

http://tampabay.bizjournals.com/tampabay/stories/2006/10/09/daily10.html

 

[rhymeswithorang]

yes, the US consumer is doomed, the dollar is doomed, the US economy is doomed, sell stocks!!!! Hey, wait a sec.......

 

[CutsThrough]

Quote from optioncoach:

Some investment banks want to unload their homebuilder stocks near the top so they upgrade to get the prices back up.

Would not be surprised if they dump the stocks by the end of the year....

HUH?!?!?!?!?

They're down 50%+ y/y.