Tuesday, March 14, 2006

Dead Cats (housing stocks)

Home building stocks get a boost today (article). The group has been in a mini-bear market. "Top" seems to have been called more times in real estate than just about anything else these past few years.

Gold mining shares are also showing some signs of life, with spot gold crossing back above $550 per ounce. It doesn't look like it is worth getting excited about, but hopefully the chronic bleeding has stopped. Gold still looks like it is tied to oil.

Oil higher, and airlines higher--an interesting conundrum. I am still long BAB (British Airways chart) and see it as an excellent long term investment. The stock survived the London terror attacks and has been on the mend.

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