Actually I am not short right now. I like to look to Wall Street due to its ability to gauge future earnings. And then sometimes you get to see Money Managers trap retail shorts in a squeeze. I guess that’s what is going on here, you couldn’t get worse news about housing right now and its happening on a daily basis. Yet these stocks are behaving like we are entering a new boom. And we all know they ain’t happening. CNBC is drooling over falling interest rates and the worst is over which leads me to believe we are now entering the “its never been a better time to buy” phase we were all predicting. Get ready for an onslaught aggravating perma bulls.
