People still have fresh capital to speculate on a bottom in Lennar (LEN) or Pulte (PHM) or D.R. Horton (DHI).

2. Toll Bothers (TOL) is up. I know that doesn't matter much, but if we could get a tiering where people dislike Lennar (LEN) and like Ryland (RYL), Toll and KB Home (KBH) -- which makes sense -- and keeps taking up Standard Pacific (SPF) now that it has its financing, then you have a potential HGX trade.

Cramer: Housing Bottom in 2009 Not Impossible: It's going to be dependent on the FHA proposal and builders, says Jim Cramer.

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Cramer: Housing Market Turning
Jim Cramer says houses are moving now that home-sellers are prepared to mark down prices.

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They Just Don't Get Google!
Marek Fuchs warns investors about potential bias in recent Google coverage.

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Q: Switching to your old home, what are your thoughts on the U.S. credit crunch?


A: We had the worst credit bubble ever in American history, perhaps world history. I can't remember anytime in history when people were able to buy a house with no money down -- sometimes with no income. You don't clean out a bubble like that in six months to a year. I've been short the U.S. investment banks by using the Amex Securities Broker/Dealer Index [ticker: XBD], an exchange traded fund with exposure to many of those firms. I've also been short Citigroup [C] and Fannie Mae [FNM]. I'll short some more if we get nice rallies in any of them. I am still short some of the U.S. homebuilders like Lennar [LEN].

Tax Break Won't Boost Builders
Congress has a new plan to help out the homebuilders. But TheStreet.com reporter Nick Yulico says the government's largesse won't help their overpriced stocks.

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Cramer: Don't Be Too Bearish on Homebuilders
The homebuilders may not have reached a bottom, but it's still no time to short them, says Jim Cramer.

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They Just Don't Get Housing!
Marek Fuchs rabbit-punches 'The Wall Street Journal' for declaring a housing comeback on dubious trade group statistics.

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Cramer: S&P Charts Ain't Pretty
Jim Cramer reviews the S&P chart book.

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too early in housing downturn

bad housing mkt

bad industry

Current Housing/Credit Slump

No bottom yet in sight for homebuilders in general and will be very sensitive if the Fed does not drop rates quickly enough.

no where to go

Price targets in the group are too high and the group is vulnerable to another leg down.

CEO died, Ship without a rudder. Estimates are getting cut in half. People have no idea how fast homebuilders can hemmorage money. This is just the start.

IF you think housing is doing well just look around at all the houses in your neighborhood that are for sale and have been for sale for month on end, I dont like it shot it for a while

Housing slowdown