More than a few areas in real estate are uptrending; that upgrade does sound like they are hoping to find a few buyers in a scanty sector perhaps. And for those who always need a reason for stocks moving; maybe thats why ES,SPY, DIA,QQQQ are down this premarket
Hey, don't forget - commercial real estate is going to 'soften' the blow of a disastrous residential market... ...Aren't talking points great? :eek: The real estate bubble is real, and is actually the largest 'credit' bubble in history, by the numbers.
tell you what, I bet the market knows more than you guys and the homebuilders have been moving higher since mid-June, right around the time all the dummies woke up and realized housing is coming off. The news is in the stocks, they have been barraged with negative news, yet up they go. Seems pretty bullish to me. Flame away.
For analists, catching a falling knife is cheap - nothing on the line. Just be grateful JP analist gave you another short entry.
JUST LIKE I HAVE BEEN SAYING. As ARMS reset EXPECT A great amount of FORECLOSURES. Foreclosures rise as ARMs reset http://tampabay.bizjournals.com/tampabay/stories/2006/10/09/daily10.html
yes, the US consumer is doomed, the dollar is doomed, the US economy is doomed, sell stocks!!!! Hey, wait a sec.......