Housing Does Worry Me

You bet I am worried about housing. I say that because housing has been the linchpin of this recovery and without it -- or with a big slowdown in it -- or with hedge funds dumping homes because they fear the boom is ending, we could crimp the other hiring machine beside oil and gas and aerospace. And there's no one to take up the slack, least of all the government, which racked up an amazing surplus with many more to follow.

I write about this worry because that sector has almost fully recovered from the May 22 downturn. It's almost gotten back to even and I think that it would only take one bad number, one slow number in starts, in permits, in sales, in housing company earnings, in consumer sentiment, to send these stocks back down again. Oh, and if rates go to 2.75% on the 10-year then we get a selloff, too....257 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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