fantasy land - home builders trading at 5+ year highs during these times..
what people don't seem to realize is that there IS a boom in housing - FORECLOSURES!
the foreclosures are getting bought up and i don't blame them. the problem here is that none of these "builders" actually have anything to do with foreclosures. why would anyone buy new homes when you can purchase homes already built in a seasoned neighborhood for half the cost!?
the FED is floating our very fragile economy and wall street is ready to cash in. look at the charts people.. these stocks have been accumulated for OVER A YEAR now. they know that there is no more room to run and it's time to cash out. funny how all of the sudden you are seeing headlines about "the housing market pulling the economy out of it's slump"... really. do they think we are really that stupid, i hope so because i opened a massive short on this sector.