Wednesday, August 19, 2015
Bespoke suspects a second wind is imminent
Bespoke - bullish housing thesis and yesterday's homebuilder breakout. Yeah, I wasn't watching homebuilders either, but apparently they're going gangbusters.
And housing has remained nonexistent since 2009, so a housing resurgence will be very significant, and housing is a huge part of the US economy, and Michael Shaoul was recently going on about the housing report too.
Add that together and hey, there is indeed a reason to stay long this market instead of puking stocks and going to what, cash? You fucking sissies!