When do you buy the housing market?
Saturday, November 24th, 2007I don’t usually lounge around on weekends and watch TV, but the four-day weekend has me unusually lazy. Or maybe it’s the left over tryptophan from Thanksgiving…
Anyway, one topic of discussion this morning on Fox’s Bulls and Bears show was finding the bottom of the housing market. A few of the talking heads were quick to point out that home builder stocks had dropped as much as 90% over the last year to 18 months, and that qualified them as a good buy, regardless of whether we’re at the bottom or not.
I disagree.
The stock market has the advantage of being …
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