FOX-NEWS 09.05.2006, 19:38 |
US-Housing: Abandon Ship![]() |
-->"Now that speculators are abandoning ship, the question to ask is"are there enough lifeboats for ebveryone to fit into"? I think not. The lucky ones bailed at the first sign of trouble. Others are still stuck on a sinking Titanic. While cancellation rates are soaring to 20-30% home builders are still building. That is why in spite of what appears to be rock bottom PE ratios, these stocks remain a sell. We have seen a couple of bankruptcies already. More are coming." |