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

  • jeffwills45 jeffwills45 Mar 13, 2012 2:43 PM Flag

    We are now breaking out - next stop 23

    Off to the races. Check out previous posts - i've been the only one right on this board.

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    • can builder with average price 164,000 average sq foot 2400 make money at 68 dollars/sq foot? Houston , N Dakota, Nat Gas areas NO. Now pricing to income 33,000 average income 4 times is 132,000... for a normal correction we are still 20% higher... Now I know all the government civil service people are paid 20% more and have had the stability to have good FICO (system rigged for them) but with the national debt what it is these government jobs safe?

      Home builders are very very overpriced... even the ones providing financing are risky risky bets on your wealth.

    • I think you are right! May be even higher. Now that the consumer is picking up spending, majority of these cyclicals stocks on this ETF are off to the races. A great way to play the housing and consumer spending. The ETF actually is a much stronger barometer of the consumer than pure housing. I won't be surprised if we close in the $28 to $29 range in the next few weeks. The cyclicals always lead.

 
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