I have been a big proponent of China and I am not alone. Recently, however, some short players have slammed China, pointing at possible bank problems and an overheated economy.
Domestically, despite the fact that I like housing for the long run, recent data for new home sales are a concern. New home inventories have continued to shrink to the lowest level in almost 40 years. Builders who shut down high-end projects have gone back and rezoned them to fit the lower market (under $300,000) and tax breaks for first-time buyers have helped. The American homebuilder is one of the most resilient creatures and they will survive. But it's hard to compete with the glut of existing homes on the market and Wall Street is a short term thinker. As a result, I felt it was time for another update on our existing portfolio and talk about two new additions: Pulte Homes(PHM Quote). I first picked it last February at $10.20. Guess what? It crept back over $10. But new home sales are flat for December and the stock is taking a beating. While I think it will eventually be back, take your money off the table for a slight loss (down to $10) and sell. We will be able to buy it back cheaper soon. Loading Comments... 1 2 3 4 Next › Last »SHARE:
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Dow Jones S&P 500 NASDAQ 10-Year Note 10,172.53 1,086.32 2,167.44 36.54 Oil * 73.28 UP 105.20 UP 12.45 UP 20.09 UP 0.45 10 Yr 3.65% SPDR Gold 108.42 +1.04% +1.16% +0.94% +1.25% Data delayed 20 minutes More From TheStreet Latest Headlines Top Rated Stocks from TheStreet Ratings if (Math.floor(Math.random() * 100) < 45) { document.write("NEW: Market Data Section"); } else { document.write("Unusual Trading Volume Stocks"); } if (Math.floor(Math.random() * 100) < 45) { document.write("Stock Picks for 2010"); } else { document.write("NEW: Undergraduate Investor Blog"); } Find returns with the Dividend Calendar if (Math.floor(Math.random() * 100) < 45) { document.write("UPDATED: Top-rated ETFs from TheStreet Ratings"); } else { document.write("UPDATED: Top-rated Mutual Funds from TheStreet Ratings"); } Twitter Facebook RSS Mobile App Brokerage Partners YAHOO.util.Event.on(window,"load",function(){ setTimeout(function(){ TSCM.util.attachScript('scr_intellitxt','http://thestreet.us.intellitxt.com/intellitxt/front.asp?ipid=10685'); },1200); }); Sponsored Links var ads = [ { link:"http://www.entrepreneur.com/business-opportunities/index.html?cam=thestreet&cid=Homepagetextlink1109", text:"Be Your Own Boss and Start your Own Business Today!", trk:null }, { link:"http://clk.atdmt.com/TNY/go/175928010/direct/01/", text:"Mingle at our onboard bar. 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