Friday, March 28, 2008
The Perfect Negative Indicator?
by Ken Houghton
After his BSC call, I didn't think there was anywhere else for him to go. But clearly he's "Workin' in a Coal Mine":
Added: A Yahoo! Finance graphic for the optimists who think there may be more to Residential Housing than the general market:
Jim Cramer's column in Metro this morning was singing the praises of Toll Brothers and Ryland, another homebuilder. So it is probably only right that CR finds this:
The little bit of good news was KB Home's cancellation rate improved slightly (similar to other builders):
The Company’s cancellation rate improved to 53% in the first quarter of 2008 compared to 58% in the fourth quarter of 2007.
After his BSC call, I didn't think there was anywhere else for him to go. But clearly he's "Workin' in a Coal Mine":
Workin' in a coal mine
Goin' down down down
Workin' in a coal mine
Whop! about to slip down
Added: A Yahoo! Finance graphic for the optimists who think there may be more to Residential Housing than the general market:
Just for giggles, here's the three builders, over the past year, vs. the S&P500 Index:
UPDATE: My Loyal Reader, whose sense of time comes from a Mark Thoma link, recommends "the original" video.
Labels: High Finance, Housing Bubble, Journamalism
