Stock of the day: Lennar Corp
In this installment: America's 3rd-largest homebuilder delivers strong Q2 results.
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Why don't you just do away with the money and news sections? Clearly, by looking at the home page, all that people care about are celebrities, dumb studies, and cute animals.
Home prices have risen an average of 12 to 13% over the last 12 months, a healthy market should show gains of about 3 to 4% annually. Clearly it's time for Ben Bernanke to start the tapering process and test the markets real strength and not make the same mistake the fed made from 2001 to 2004, when they over stimulated growth, which lead to the economies demise.
And that's true even if you're not the president!
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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