Sunday, August 27, 2006

Homebuilder CEOs: Actions Speak Louder Than Words

The lead story on the cover of Wall Street Journal discussed the slumping housing market and a CEO of a major homebuilder as saying,
“It would be difficult to characterize the position of the home builders as other than in a hard landing.”
Some have made the argument that housing must be really bad since even the CEOs of homebuilding companies are so bearish.

Read the complete article on Ticker Sense ...