Saturday, June 21, 2003
Mortgage rates made 46 year lows last week, I believe that is the end of the low mortgage rate cycle for now. Stay away from all real estate related stocks, Homebuilders, Mortgage Lenders and Title Insurance Companies. Look to establish short positions in these sectors. The stock market correction/pullback/reversal is upon us. There may be end of the quarter strength but this is fake, and unsustainable. Look to sell into strength. There will be better prices ahead to buy. Dont turn profits into losses.
Posted by Steve at 8:59 AM