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Robert Shiller Tells Fox Business That “Hedge Funds Are More Reliable at Playing” the Housing Market
Posted by: Holly LaFon (IP Logged)
Date: July 30, 2013 06:59PM
[size=13px; ]Case-Shiller Index co-author Robert Shiller spoke with FOX Business Network (FBN) about the future of the United States housing market. Shiller said, “I think hedge funds are more reliable at playing” the housing market than individuals because they have a good sense of when to get in and out. He went on to say that he thinks hedge funds “are probably right this time” about the market and that “they will make money if they get out soon enough.”[/size]
Excerpts from the interview and video are below.
On whether hedge funds are more reliable at playing the housing market than individuals:
“I think hedge funds are more reliable at playing the market – getting in and out. I think what has happened is that people have learned that there is a lot of momentum in home prices. Hedge funds are kind of troubled. They haven’t done well in the last 10 years. This looks like a no-brainer to them, they learn about momentum in the stock market, but that’s the feeble thing – not really working well, but the housing market looks like a great hope for them. And I kind of think they are probably right this time. They will make money if they get out soon enough.”
**CREDIT: FOX BUSINESS NETWORK**
Stocks Discussed: SPY, DJI, QQQ,
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