Eugene David
...The One-Minute Pundit

Wednesday, June 29, 2011

Homebuilders led the stock parade this week with a fantastic 11 percent gain. This is a group that hedge funds and bubbleheads love to hate. All the bond bears have been dead wrong in predicting sky-high mortgage rates. So have all the bubbleheads who expect housing-price crashes in Las Vegas or Naples, Florida, to bring down the consumer, the rest of the economy, and the entire stock market. None of this has happened...[T]he homebuilders index has increased 76 percent over the past year, with particularly well-run companies like Toll Brothers up about twice as much. The bubbleheads missed all this because they haven’t done their homework....

Dirk van Dijk has discovered that, in 2005 or whenever, GEKKO KUDLOW has ALWAYS been an idiot.

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