Do you think that housing stocks are still going down......................?
Housing index is worst at this time... what do you think.... How long would it continue.......
Yes.
For how long is anyone's guess. LEH for example just broke to new 3 yr lows. Most of the others are doing similar.
On the plus side, value investors seem to be dollar averging down their costs even while it continues to slide (buy high sell low? hehehe).
Anyways, I suspect that the housing sector will see more of the same until such time as Mr. Ben Bernanke decides it's time to cut interest rates again, which I don't foresee in the near future.
Soo, if you're a bear, have a great time. And if you're a bull, just wait until it finds support and can finally break above its 50dMa and hold it!
Hope that helps!
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