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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (28803)	1/6/2004 10:34:37 PM
From: kollmhn	Read Replies (1) \| Respond to of 206223

While you may opine that the home builders are (were?) a good short, I should mention that Salomon Smith Barney's TA group says that home builders are in the top rated group to buy into. Granted, they may be thinking a different time frame (namely, longer term) but they are buyers, not shorters. Guys, this is where the rubber meets the road. Fundamentals do matter and any and every one time that someone has advocated shorting the homeboys (based on TA) they have had their asses handed to them. The whole group has violated every sell signal the chartists have seen. Remember one thing.....people will keep buying houses until they can't. When will that be? Probably when interest rates rise significantly and make it too expensive.