Sunday, July 25, 2010

Whither Housing?

Doug Kass of Seabreeze Investment Management said on Kudlow (CNBC) a few nights ago that his pick for a surprise was a rebound in housing starting this fall. Generally, I've found that Kass is a pretty good trend reader.
But Gene Epstein, also very good, has a long piece in the latest Barron's which basically says that demography is against a housing rebound for the next five years....
While this kind of conflict makes it tough for regular investors to take a position, the worst is that they could both be wrong...
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