I could really use a bounce in the homebuilders right now. The portfolio of XHB put options is up 120% before trading fees. I'm feeling stupid for only dropping $5600 in the options. I could use a small bounce to average in more bucks.
Interesting article here,
http://www.frontlinethoughts.com/pdf/mwo060906.pdf
linked from blogger site,
http://www.xanga.com/russwinter
"In the last economic expansion from Apr 1991 to March 2001 there were 23.96 million jobs created, and of those 1.64 million (or 7%) were in housing-related areas. In the current expansion which began in late 2001, there have been 4.22 million nonfarm jobs created, and of those 844k (or 20%) were housing-related. Tacking on the new series that includes 'Specialty Trade Contractors: Residential Construction,' the number is 1.34 million or fully 32% of the job creation in housing related sectors. This area has started to slow - but the declines haven't even started yet and this is after we've seen sequential slowing in the nonfarm numbers for three months in a row (200k in February, 175k in March, 126k in April and 75k in May)."