"Goldman Sachs On Why The Housing Market Is Terrible And Homebuilders Are Doomed" "A note out from Goldman's Joshua Pollard tells investors to fade the rally in homebuilders. While homebuilder stocks have outperformed the market by 1.5% in the past three months, Pollard says stocks are getting ahead of the recovery. Actually housing data has been lackluster this winter, and indicators like new... [more]
"Goldman Sachs On Why The Housing Market Is Terrible And Homebuilders Are Doomed"
"A note out from Goldman's Joshua Pollard tells investors to fade the rally in homebuilders.
While homebuilder stocks have outperformed the market by 1.5% in the past three months, Pollard says stocks are getting ahead of the recovery. Actually housing data has been lackluster this winter, and indicators like new mortgage applications point to a low sales in the spring.
Goldman has reduced its target for 2012 new home sales to 425k from 485k"
Surely a sign to buy! With this analysis, Goldman is depressing the market for housing, so that they can get in on the cheap and sell high. The fall is over, people, bounce back is imminent.
Read more: http://www.businessinsider.com/goldman-bearish-housing-2011-2##ixzz1Cva26E7G[less]
Excelsior?