Quote of the Day: Housing Boom!

Monday, February 25, 2008 | 06:00 PM

What I found so amazing during 2006/07 was the brimming (tho misplaced) self-confidence of the Housing Bulls . . .

Ouch:

"Don't buy it. For months now the debate has been over whether America will have a hard landing or soft landing, the answer hinging on how big 2007's housing disaster turns out to be. Well, there won't be any housing disaster. We won't have a landing at all, soft or hard. Right now the U.S. and global economies are both accelerating.

You can see right through the housing crash story by looking at the prices of housing stocks. The market knows what the economic worrywarts do not, which is that the housing sector is already making a comeback. In the last six months housing stocks are up 24%, well ahead of the overall market. If housing were destined to fall apart in 2007 these stocks wouldn't be so strong now

Did you know that housing sales are up in the last few months, not down, and that inventories are lower than six months ago? We're accelerating, not landing. This is true not just in housing but also pretty much across the board."
- Kenneth L. Fisher
Forbes, 02.26.07


Recommendations: Buy Pulte, Toll, Beazer


Source:
Housing Boom!
Kenneth L. Fisher
Forbes, 02.26.07, 12:00 AM ET
http://www.forbes.com/free_forbes/2007/0226/110.html

Monday, February 25, 2008 | 06:00 PM | Permalink | Comments (50) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00e5507337a18833

Listed below are links to weblogs that reference Quote of the Day: Housing Boom!:

Comments

We need to find out what kind of drugs Fisher is using. The stock market is a group of folks with money looking for a place to put it to work. On Friday and today the markets have rallied 300 points just on the news that AMBAC & MBIA would either be rescued or keep their AAA ratings. Please, find other investments before its too late.

Posted by: Pat G. | Feb 25, 2008 5:46:43 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner