Friday, January 26, 2007

homebuilder down on bad must be kidding

in the past quarter month every ugly news like this one from centex about 500 "adjustments" were viewed as great news to buy. the worse the news the more upbeat the gain.

looks like the music has stopped with the help from the weak bond auction. we will see if the momentum has changed.

in den letzten quartalen war es so das je schlechter die new desto höher die kurse. selbst mrdschwere abschreibungen waren nur ein grund mehr zu kaufen. das könnte sich gestern mit hilfe der schwachen bondauktion geändert haben. mal sehen ob das von dauer ist.

thanks to bill cara. click on the headline for more details.

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