Designs, constructs and markets high quality single-family detached homes and attached condominium apartments and townhouses in planned residential developments in the Northeast.
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GS states that they believe that QE is coming, which means that it probably is not coming soon.
The current market rally in the face of poor financial news suggest that they believe that the FED must act now.
But the rise in the market might buy the FED time and hold off QE for the BIG event, when the EU/euro starts to fall apart.
Without QE the market will have a temper tantrum and sell off hard.
And without the wealth effect of the markets going up, real estate is likely to suffer more than more defensive stock plays.