RECENT POSTS
- Your First Move For Monday November 16th
- Web Extra: Where Will The Next Bull Come From?
- Burned by Yahoo!, Disney and More
- The Latest Picks That Paid – Friday November 13th
- Pops & Drops: Dow Chemical, Macy's...
- Chartology – Can Stocks Break Above 1100?
- Fast Action: Using Options To Play Housing Bottom
- Bold Call Of The Day – Microsoft
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
With a slew of housing data due next week, have the homebuilders hit rock bottom?
Ara Hovnanian, CEO & President of Hovnanian Enterprises [HOV
Loading...
()
]joins the panel for this conversation. Following is a summary of his main points.
What should we expect next week?
No surprises, replies Hovnanian. The market is slowing. Starts are coming down to a million a year. But, that's not a surprise.
Does that mean the data will be bad?
I wouldn’t say bad, replies Hovnanian. Things will remain in this current slow state. Keep in mind, over the past few housing corrections, the housing market bottomed at around a million housing starts. That’s probably a reasonable number.
What do you think about the pace of downgrades?
Write-offs are directly related to pace and price. I don’t expect downside risk to pace. But price is the wild card. And I think there’s more uncertainty in existing homes than new homes.
Karen, what are you expecting from Home Depot (HD) and Lowe's (LOW)?
I like both for the long term. But I hold put options too, says Karen Finerman, as downside protection.
Of all the economic data coming next week, what’s most likely to move the market?
The numbers that measure inflation, replies Tim Seymour. PPI in particular, is important. Watch inflation.
______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .
Data is a real-time snapshot *Data is delayed at least 15 minutes