Sales down, US financial system on the brink of total collapse, bank failures, great depression is near, worst credit crisis in hitory ALL EQUATES TO RALLYTIME IN THE HOMEBUILDERS!!!!! HB's are a great bargain basement right here, right now. Don't miss this generational buying opportunity folks. RYL is headed to new alltime highs!!!!! RYL is the best of breeds and a true american BELLWETHER!!!!! LONG AND STRONG BABYCAKES!!!! DON'T BET AGAINST AMERICA BECAUSE YOU WILL LOSE!!!! LARRY KUDLOW IS GOD!!!!!!!!!
I certainly agree. I can't recall in my entire investment experience with the stock market (a couple of decades) when I've witnessed a sector so disconnected from its fundamentals. The homebuilders' future is baked. No scenario exists that could turn around the HBs in less than 3 or 4 years, at the soonest, to the point that they are profitable with P/Es that justify their present pricing.