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SPDR Series Trust - SPDR S&P Homebuilders ETF Message Board

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  • sleepy.ichabod sleepy.ichabod Sep 20, 2008 4:40 AM Flag

    sold all my gold/oils/bonds and buy Homebuilder stock

    Some people are buying homes new and old. Some people will be kicked out of home they can afford. That is the way it is ever since.

    Yes you guys are right that credit card problem are not dealt. But before we ever have the credit card problem drops on our face, home builders stocks will go up, and they of course will drop but they may never drop back at this level.

    Look, no markets go down forever. Any down trend stops and turn around in 2 or 3 years. Even the great depression had ended, didn't it?

    Look banks like BAC and home builder stocks or XHB for last several months. July was the month they were at the lowest. Even last couple of weeks roller coaster rides didn't send them back down bellow the July level although DOW was at the lowest. Don't you see the trend?

    What are your big builders to you? TOL, DHI, KB, PHM, and what? They are not going to go BK. We do expect smaller ones may go to BK. But the market will deal with it.

    You may never see this low price of homebulder sector again. Even if you do, wait out, and you will win eventually.


    icha

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