So its seems everyone is saying this recent disaster will certainly keep the feds from raising rates. That may be a good thing. But I can tell you that if the fed does raise rates again next time around that will be for sure the end of the housing market as we know it. So how do you play housing without the potential for that kind of disaster? One way would be to short some positions like TOL and KBH. But there are some serious risks associated with shorting stocks which I won't get into. You other option is to get into a housing play that is going to be growing in the next 10 years, and does not depend on interest rates. Sound to good to be true? Well, I got just the stock you need. Homex (HMX) is a Mexican home builder building homes in Latin America. This is where Americans with money are moving and buying homes mostly in cash due to lack of financing options. Jim picked this stock and I happen to be all for it. Play on.
On another note, I would like to apologize for suggesting NWAC, but there was no way to tell how badly the recent disaster was going to effect oil and airlines. NWAC is down about 10% today. Later today Dubya is expected to open the petroleum reserves. If that happens it will be up around 4% or so from here. Buy at your own risk.
Otherwise, go VLO, my pick from last month. You should keep in mind that VLO is going to get about 10 times larger in the next two years. So if it pulls back tomorrow (and it should) then I would long this position in a heart beat.
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