tag:blogger.com,1999:blog-2335748440449035592.post1700460965826149600..comments2008-02-12T16:50:30.339-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-77405090353366042722008-02-12T16:50:00.000-05:002008-02-12T16:50:00.000-05:00Thanks for the comments.<BR/><BR/>As for the ETFs they are actually holding up decently. But with that said, they had big rallies in fall 2006 and spring 2007 as well. So hard to really get behind the move. My contention is when these truly reverse they will move sideways for quite a while as opposed to just continuing to move up and up week after week. That will take a more sustained rebound in the housing market. <BR/><BR/>The market and the real economy on the ground are 2 different things - CEOs are saying they see no light in the tunnel in 2008 (housing CEOs) but the stock investors insist differently so they are bidding up the stocks ahead of the anticipated late 2008 "rebound". But again that happened twice between summer 2006 and summer 2007 and those people were wrong then. So it is not as easy as simply throwing out "the market knows best and will telegraph a recovery 6 months ahead of when things improve in the real economy" _ the market is often wrong as well. :)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-34072075962167636482008-02-12T15:40:00.000-05:002008-02-12T15:40:00.000-05:00First off, I want to say that I enjoy your blog and am glad to have stumbled across it a few weeks ago.<BR/><BR/>Secondly - what are your thoughts on the technicaly situation for the homebuilding ETFs (ITB, XHB)?JPASSANAhttp://www.blogger.com/profile/17217180165363460841noreply@blogger.com