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No. of Recommendations: 0
I'm looking at the TPX announcement (surprise, surprise) and the stock is down from 37 to about 11. LOW, HD, BBBY, are all great companies that are getting crushed, but have they come down far enough to anticipate a turnaround from the fed easing. These companies carry far less risk than trying to figure out which housing stock will make it. At some point americans will do what they always have done with their houses, and when new buyers step in they'll be redoing with gusto. Maybe not being sure is a good reason to start nibbling at these prices.
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