Cowardice rears its ugly head
Okay, so it's time to come clean. I'm not as convicted on the homebuilder front as I've seemed. I've been following FB (the real FB - FloridaBuilder) and whenever he abandons a homebuilder short, I do too. I haven't reloaded my RYL and DHI shorts because FB wasn't there when I checked. And he's got only 100 active picks, so it's not too crowded in his CAPS portfolio to have a few more accuracy juicers if he wants them.
I still think real estate prices in general are headed down another 30-50%, and many homebuilders are headed for worse than that. But I don't know which ones without FB. So that's that.