Thursday, February 16, 2012

Today's tweet of the day is again from Hedgeye's Keith McCullough: "Evolve or whine."

Housing continues to show signs of recovery as the NAHB confidence index rose to 29 (consensus was 26), the best reading in four and a half years and substantially above the recent six-month average of only 20. This index has risen for six consecutive months, a feat not accomplished in 16 years.