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SPDR S&P Homebuilders ETF Message Board

  • itsthehorn itsthehorn Mar 30, 2010 10:20 AM Flag

    Market insanity

    Today home prices posted their "smallest annual decline in three years"...and homebuilders are rallying.

    Remember 1Q 2009...when everyone thought the world was going to end, and the market cratered to massive lows. No one was paying anything for a house in those terrifying times...and today we learn that housing is WORSE since then...and homebuilders rally.

    The annual comparison point is against a collapsed economy last year, and we are a little worse now, not a lot worse, at least, I guess.

    WHOOPEE!!! Let's buy homebuilder stocks!!!

35.95+0.60(+1.70%)Apr 24 4:00 PMEDT