Guru Face-Off: Home Builders - 2004-02-20
Since last March, the Philadelphia Housing Index is 85% higher. This basket of 21 stocks--mostly home builders--climbed 50% in the three months before the Federal Reserve last decided to cut the federal funds rate in June.
But after such an extended run fueled in no small part by rock-bottom mortgage rates, most market watchers say that it's time for this sector to cool off and that past gains are not sustainable.
Read the full story at Forbes