The big builders profits were up and their stock prices were historically high. How do you make sense of direction of the market then if their stocks' prices tell something about their record profits? From Big Builders News Link:
- Beazer Homes Q1 Net Income Climbs 29%
- Centex Q3 Net Income Up 30%
- Ryland Group Announce Highest 4th Qtr Earning Ever
The rationale behind this maybe because the biggies are in the business of developing and selling homes. That means they are in it for the long haul! Meanwhile, investors like us.. our thinking goes like this.. well, the market is no longer hot. Maybe we should refrain from investing and wait till the market.. goes up to jump in again?