We have a full rout of the bears taking place, as investors reload, shoot, reload again.
The homies and all credit related names are taking off, thanks to the President’s bail out proposal.
In short, this is a major benefit to the homebuilders, who will likely be viewed as “more stable” and get access to the credit markets, with ease.
All thanks to the Gov’t.
With my money, I have open positions in ACF, CFC, SPF and CORS.
This is a good shoe. Milk it, then move on.If you enjoy the content at iBankCoin, please follow us on Twitter