Tuesday, June 12, 2012

Hedge funds betting on U.S. housing market

The smart money, having already shorted the euro, hoarded gold and loaded up on Apple stock, is now placing large bets on the housing sector. ...Five years after the US housing market started to melt, at least several hedge funds have decided that the bottom is near and the Fed is on their side so they are moving back into the residential mortgage-backed securities market in a big way.

Read more at GARP - Story

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