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July 18, 2005
Realty top? Mon., July 18, 2005, 6:23 PM
Rather than take a guess as to whether or not the realty stocks in the U.S. have peaked, let's have a look through my interactive chart list.
These are the financial stocks (GICS Sector 40) that are mostly affected by rising interest rates. I have not included the residential homebuilders (GICS 25201030), which I do not think will come down as fast. When I hear about $5 million tear-downs, how could they?
But, for this group of realty stocks, maybe you can tell me where (and how) traders are going to make money say a year from today. You'll have to tell me because I must be blind. :-) I can't see it.
In fact, not being blind, I'll tell you what I do see: the long-term cycle has peaked. The game is over.
Oh, there may be a few dollars left, but why bother? There is truth to the old saying that stock market pigs get slaughtered.
Real Estate Manager & Developer -North America
This is July 18, 2005. Let's come back frequently to review these interactive charts to see if I've made a good call.
Posted by Posted by Bill Cara on July 18, 2005 06:23:34 PM | Category: 40 Financials
Wow Bill,
You have posted some quality the past few days. Are you calling a long-term cycle top here? If so - I'd like (CALC) California Coastal Communities as my short pick. It is in your manager/developer picks. What a chart......
Personally, I think we are at short cycle top in the real estate related stocks, but I think over next year we will see at least another 50% move UP. I live out here in California - and believe me the speculative fever is alive and well.
"Can't get hurt with dirt......"
-Ben Green
Posted by: Soulek1 at July 19, 2005 3:27 AM [link]