Thursday, August 18, 2005

Research Alert!

A word of caution on housing from Smith Barney. This from Reuters:
The housing market may not see a crash, but investors should be cautious, a Smith Barney note released on Thursday said.

"We do not envision an impending crash with devastating implications as some of the most bearish elements perceive, nor do we think the strength can continue unbroken; however, the risks may be starting to outweigh the reward," Tobias Levkovich, equity strategist at Smith Barney, wrote in the report.