Diana Olick of CNBC (who remains one of the few worthy of watching) recaps today's New Home Sales results which basically stunk. She also notes the discussion of the potential of mergers and acquisitions within the publically traded homebuilder stocks. OF COURSE there is discussion as what is left to move up the stocks? One larger homebuilder in a downward spiral market is better than two smaller homebuilders in a downward spiral market....this is how the Wall Street folks get their "important" clients out of a losing position at a higher price.
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