Wednesday, August 01, 2007
Sector Spotlight: Homebuilders
The big investment banks are loaded the fuck up on the homebuilders. All of a sudden, these fuckers (homies) are getting "mushroom clouded," armageddon style.
BZH is now down 39%, HOV -15%, SPF -14%, MTH -14%, WCI -13%, BHS -10%, TOL- 10%, amongst a variety of others.
The whole country is going bankrupt. Burn your house and move to Mexico.
If the Fed doesn't cut interest rates, we're going to have a financial melt down. And, yet, I sit here trying to catch some falling knives.
I believe these homies are being liquidated by JPM, GS and LEH. All of them are knee deep in "homeshit."
NOTE: I'm sure the elimination of the uptick rule is helping create an orderly exit from BZH and the rest of the homies.
BZH is now down 39%, HOV -15%, SPF -14%, MTH -14%, WCI -13%, BHS -10%, TOL- 10%, amongst a variety of others.
The whole country is going bankrupt. Burn your house and move to Mexico.
If the Fed doesn't cut interest rates, we're going to have a financial melt down. And, yet, I sit here trying to catch some falling knives.
I believe these homies are being liquidated by JPM, GS and LEH. All of them are knee deep in "homeshit."
NOTE: I'm sure the elimination of the uptick rule is helping create an orderly exit from BZH and the rest of the homies.
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the Fed will come out of their fox-hole , if not this afternoon, tomorrow
the PPT has them on the phone as I type
the PPT has them on the phone as I type
news flash:
all the homebuilders are planning to auction off their equipment, cancel projects and lay off their workforce due to disintegration of their stock prices !
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all the homebuilders are planning to auction off their equipment, cancel projects and lay off their workforce due to disintegration of their stock prices !
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