Homebuilders led the stock parade this week with a fantastic 11 percent gain. This is a group that hedge funds and bubbleheads love to hate. All the bond bears have been dead wrong in predicting sky-high mortgage rates. So have all the bubbleheads who expect housing-price crashes in Las Vegas or Naples, Florida, to bring down the consumer, the rest of the economy, and the entire stock market.
Friday, December 26, 2008
Flashback 2005: Larry Kudlow "Says The Housing Bears Are Wrong Again- This tax-advantaged sector is writing how-to guide on wealth creation"
Here's a blast from the past from Larry Kudlow: