It's about time people confront the distinction between hope and denial. The inflection is a bitch for those on the wrong side.
If Sam can show a confirm for a couple hundred thou of XHB or URE longs, I will care about his views on housing. Otherwise, bullshit walks.
Well, based on all the negativity expressed on here by the two-bit investors and traders, I'd say that billionaire in Chicago may be on to something.
That's exactly what I am...a two-bit investor/trader. LOL Don't forget to mention all of the bearish magazine covers and MSM talking about making money shorting stocks now. I am going long 15x leverage on the indices because of it! While I'm at it I will write a few swaps on GM/WM/BSC/F/C/CFC/FNM/FRE. A confluence of contrarian indicators for the trade of the century!