The Stock Story Of The Coming Week: Housing
By Marek Fuchs:
Each Monday, I will identify, dissect and deconstruct what are bound to be major stock stories of the coming week. Keep your eyes peeled.
If you have hatches, batten them down. For a few months now, the story line on housing has been that a recovery was at hand, even in hand. Housing stocks rowed merrily along. But making a case for a housing recovery was always a leap of faith, if not a headlong jump off a bridge. In reality, the housing market is, at best, drifting about. More accurately, it's as troubled as ever. Last week, evidence started to arrive, but reality rarely gets its meat hooks into traders immediately. Shifts in story lines take place over time. But last week's evidence, harnessed to several earnings reports and statistics due to be released in the coming week, means we are bound to face some heavy revisionism on housingComplete Story »