You see it is all a domino deal. Housing over corrected to the downside. The new up cycle started last summer. Companies like Home Depot and Lowes are doing better as more people don't mind spending on their remodeling projects with the increase in property values. Contractors and builders are getting busy again unemployment #'s are getting better and banks are busy giving out loans and selling them on the secondary market paying fees to Freddy and Fanny thanks to ultra-low int. rates which should continue for awhile longer, it is all inter-connected, a good thing. I believe we are in the 1st inning of this up cycle and lets ride this puppy.
I agree with the only wild card being the politics for FNM...I'm in as long as I can take it but will likely start selling something if we hit 1.50-2 range...reluctantly but it would be the smart thing to do...we shall see and only hope i get to make that choice. GL