You heard it here first for the 10,000th time: the housing market has bottomed. Actually, I don’t give a shit about making “epic” (NO HOMO) calls like that. I am long DHI and BZH and will be content with making some quick coin, then flip out of those suckers.
I posted my semi buy list inside The PPT. I am close to buying some NXPI. I like their auto exposure. About 30% of their revenues comes from the automobile industry. One of their products is the mobile key chain thingy that lets you lock or unlock doors: yeah, that’s them.
Silver is still on the fence here. Eventually, it will come around and eat the livers of those who short it.
For now, I want to see how the first half hour of trading goes. Although we are higher now, the market is filled with pussies who sell stocks whenever they see their own shadows–like groundhogs.
“The Fly” is never scared because he is supported by powerful urinal shadows and plutonium powered space rockets.
On a final note, I am interested in buying banks, despite widespread reports of global depression.
UPDATE: I sold out of DHI. I didn’t like the action. Still holding BZH.
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Indeud.
yes, the real estate bottom is in. according to the sit times around my area.
http://www.youtube.com/watch?v=-RGmVcQfw0U
Until this happens, USA 2012, post election.
that what will happen if obama is reelected,why do you think they are having “tryouts” in chicago. here’s a clue,”marshal law”. but guess what, life goes on, and people are still gonna buy a crib, and put shit in it.
Rural prices will ascend, urban prices will descend (in real terms).
Fly, would you buy GS here?
no
I wonder how many bears are missing their faces this morning?
I smell fish tacos coming from the Fly’s direction
Fly, my wife’s credit cards (and Neimans) thank you…while I still personally am amazed that we are not moving lower, you made me realize that I was beyond too stubborn in my opinions and that I needed to step back and evaluate the market that is in front of me.
I don’t know how long we’re going to climb, but we’re definitely climbing. Shorting into this is crazy and there are great opportunities on the long side…even if I don’t hold them very long (such as GOOG for 30 minutes this morning). I can now afford to buy some popcorn from the Popcorn Girl in Vegas this weekend.
As Chevy Chase said in one of this best movies “it takes a big man to admit when he is wrong. I am not a big man.” …starting to believe FIG.
Glad to help
http://www.streetinsider.com/New+Coverage/UPDATE+-+UBS+Initiates+Coverage+on+Western+Refining+%28WNR%29+with+a+Neutral%3B+Risk+Profile+Not+Low+Enough/6606147.html
MPT strikes again!
Fly, how do you feel what david rosenberg said about 99% sure there is recession by 2012? Do you really think housing is bottoming when growth is slowing and china is slowing?