Housing woes deepen and spread
I took this off the MSN Money site:
The chief executive of home builder D.R. Horton said at an analysts' conference that the current year for his company was "going to suck," spurring worries about weakness in housing.
"The housing market, which is the weak spot in the economy ... is the main fear of a recession, and the main fear on earnings" growth
But it's dangerous to bet against housing. Even after sayingthis, DR's price was unchanged. Or Fremont bank, a nearly bankrupt subprime lender, saw its stock price zip up 25% on takeover rumors.
The chief executive of home builder D.R. Horton said at an analysts' conference that the current year for his company was "going to suck," spurring worries about weakness in housing.
"The housing market, which is the weak spot in the economy ... is the main fear of a recession, and the main fear on earnings" growth
But it's dangerous to bet against housing. Even after sayingthis, DR's price was unchanged. Or Fremont bank, a nearly bankrupt subprime lender, saw its stock price zip up 25% on takeover rumors.
posted by Andrew at
9:33 PM
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