Thursday, November 5, 2009
There's a "frenzy in land!"
But nobody is talking about this. Buried under the CSCO report, is Citi's trip to SoCal to check on the homebuilders. And there's only one sentence that Whitney Tilson, Meredith Whitney and every other uber bear need to know.
Here it is:
“Frenzy in the Land Market” — All parties suggested that the land market remains tight and one of the private homebuilders observed that “there’s a frenzy in the land market which is hard to explain.”
And how do the bears without fur feel today, who sold and shorted yesterday's ramp?
How about waxed!
Look out when these bulls charge!
Posted by Palmoni at 10:29 AM