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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mr.Creosote who wrote (44796)11/8/2005 11:03:35 AM
From: russwinter  Read Replies (3) of 110194
 
what everyone knows is not worth knowing". The slowdown in the real estate market has been discounted in stock prices for the time being.>

I guess it should seem to us, that "everybody should know", but the market's reaction today in housing stocks to what you and I might see as obvious, was anything but:

thehousingbubble2.blogspot.com

TOL 34.57 -4.84
MDC 66.82 -4.00
PHM 38.62 - 2.85
KBH 63.63 -3.77

I have to admit that the obvious next step (defaults) are astonishingly ignored by the financials. Clearly this is a market where the Risklove hedge funds and Humpties will just wait for that message to be handed to them with a facial shot, like an inside curve that gets away from the pitcher, while ignoring risk to the bitter end?
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