home builders (1)

Admin

1290630?profile=RESIZE_320x320(Edited to add ITB weekly chart)1290650?profile=RESIZE_320x320

We chuckle in Chat when we see a fund manager recommend a short (or buy) in an area we've already discussed on site.  Case in point: home builders.

Having a mortgage banking background AND given the current state of low wage job creation, I could not agree more with Doubline's Gundlach.  Increasingly big business lobbyists are pushing for the Obama Administration to increase the number H-1B visa issuance, stating that the U.S. doesn't have the skilled workers needed to fill their need.  In truth are they merely pushing for a cheaper, more pliant labor?  That's an entire debate on it's own but I also think the charts are signalling future weakness as I recommended shorting TOL and PHM in April.

1290657?profile=RESIZE_320x320CLICK ALL CHARTS TO ENLARGE

1290665?profile=RESIZE_180x180You have cash buyers (top/left) buying up bank foreclosures to help with not only their balance sheet, but with existing inventory..............but NEW, first-time home buyers?  Their credit scores are still decimated from the credi

Read More, Comment and Share......

We welcome you to post a blog entry, oped or share your daily reading with us as long as it is relevant to the topic of investing and not an attempt to sell a product, proprietary strategy, platform or other service. Please provide links to any research data and if re-posting other articles, give credit where credit is due providing a back link to the original site.

300 words minimum per post. You may also sort by category or search by topic. Don't forget to comment and please "share" via Facebook, Twitter and Google+. If you have any questions, please contact us.

FOLLOW STOCKBUZ

__________________

This is a member-supported site. Please donate when you can to help pay the rent. Thank you!

Stay Informed. Sign up for the FREE StockBuz eNewsletter

________________

Investing involves substantial risk. All content is subject to StockBuz disclaimer.

Create Income With Option Spreads

All content on StockBuz.net is subject to disclaimer and Terms of Service