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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (14380)	10/28/2002 2:20:18 PM
From: Bruce A. Brotnov	Read Replies (2) \| Respond to of 16631

PEs for home builders are at 11 for the sector, how can that be 30 times over?? Until interest rates go up the home builders have to level out pretty soon as they can't keep going straight up, but they are still a value play. Doomsday sayers have been trying to sucker in shorts for 16 months now - be careful. I do say the growth slowing down, but this is hardly a bubble, just a sector that continued growth in the midst of a weak economy. Until the economy and market pick up I think investors will continue to leave the market and buy real estate. Once we get past the election and negative news, then you might find some pretty heavy profit taking and rotation to the blue chips again if they start running. Bruce