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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: yard_man who wrote (1909)2/26/2002 1:31:01 PM
From: bozwoodRead Replies (2) of 306849
 
>I think the downturn will be recognized ahead of a >downturn in their earnings -- they will predict, not >affirm the downturn, IMO. We may be at the apex now ...

I agree with you. Take a look at the correlation between homebuilding stocks and the 10yr note. It is very high. These stocks trade based on the expectations for interest rates. I think it is easier to make an argument for higher rates from here than for lower rates.
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