True, it was not front page news in the Wall Street Journal but nevertheless it was positive news found in Section C page 4. "Billionaire hedge-fund manager Edward S. Lampert is placing new bets on the U.S. housing recovery, buying stakes in beaten-up home builders, mortgage lender and a home-improvement retailer."
Yippee! High five, fist bumps and air kisses to all!
Managers of hedge funds pride themselves in seeing the opportunies early and months ahead of the general public. They are the risk takers, but some analysts think the housing market's decline may be nearing an end. Buying housing related stocks is a vote of confidence cast by Mr. Lampert.
It is the goal of every hedge fund manager to buy low and sell high. Lampert obviously sees the opportunity to do this now. If he's buying now how long will it take for his confidence to trickle down to the house hunting public?
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There will be some positive news about real estate as it is not ordinary. It it bleeds it leads.
Some of the best investment advice is buried in the internal pages of leading newspapers. You're right, the sensational headlines garner front page placement.
I soak it all up (positive) whereever I can find it. I don't think anyone knows the future, but these positive signs (which are all around these days) are important clues to would-be investors.
Sad that we need to look so deep to see the good news, isn't it? Thanks for raising the profile of this story so that we could share in the celebration!
Colleen - Not only do I bask in the good news I try to pass it along to clients, customers and co-workers as I'm sure you do also!
Patty & Scott - Bad news travels fast. Good news needs a push!