Credit Related: (Housing related stocks)
Barron’s: An article examining the “overdone” sell-off in housing. I like the discussion but rather wait into Q4. As a bear this sep/early October can be rewarding to short select groups. Although, I agree with waiting for strength in homebuilders give the extreme oversold conditions. Fundamentalists are certainly interested here and given the beta of some names like TOL-a strong recovery can help managers Alpha.
Negative Housing perhaps becoming too fashionable of a story on Wall St.
Homebuilders have corrected since August 2005 and have given up close to 40%+ of their value.
REITS: Mortgage Lenders are vulnerable but a tricky play in finding the right name in the group.
Some brokers have expanded to the mortgage business and remain a question mark.
LEH and BSC- remain shorts to consider on a timely fashion.
I am interested in LEH short in the near-term .
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