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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: marginmike who wrote (174964)6/24/2002 5:19:01 PM
From: reaper  Read Replies (3) of 436258
 
is there any doubt we are in the "speculative blow-off" stage of the housing bubble.

Trex (they make an engineered alternative 'wood' product) just blew out estimates with revenue up 50% yr-yr. Bed Bath reported a friggin' 13% comp. The homebuilders have been reporting completely over-the-top earnings.

This smells SOOOOO much like semis in 2000 and oil service in 2001.

Cheers
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