The US Census released housing starts today ( http://www.census.gov/cgi-bin/briefroom/BriefRm) . As I suspected, they were poor. It doesn't take a genius to figure out that this number was going to be lower. Although its never a good idea to trade on news, due to the volatility, almost all news is being taken negatively. I viewed this week as an opportunity to make bearish plays on builders.
Watchlist: CFC, ESS, AVB
Aug 16, 2007
Housing starts hit low
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment