Tag: homebuilder stocks
The Gradual And Then Sudden Collapse Of The Housing Market
“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” – “A Farewell To Arms” – Hemingway Zillow Group stock plunged 24% this morning after reporting Q3 numbers that missed revenue and net income estimates. In addition, the Company revised Q4 lower. ZG is down 52% after hitting an all-time […]
Homebuilder Stocks Still Not A Good Buy
Stay away from the homebuilder stocks. Mark my words. Now’s not the time to go bottom fishing in this beat up industry. Despite a rally in the S&P Homebuilding Index (XHB), now’s not the time to buy. Why am I so convinced? Because 62% of homeowners are crazy. Yes, Crazy. Let me explain myself. Just […]
