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TILSON: HOUSING HASN’T BOTTOMED

Whitney Tilson believes a housing bottom could be over a year away.  Like myself, Tilson believes we are seeing a false dawn in housing that has been caused by seasonality and the foreclosure moratorium.   He also doesn’t see any v-shaped recovery when the market bottoms.   For more from Tilson please see here and here.

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    AlanG

    Tilson seems good, and he is all over the place talking about housing and financials, but I lost a little respect for him when he was on Fast Money in April and talked about how he was short Wells Fargo at 17, and then just last week I heard him on another show talking about how Wells was the best of the best and could earn their way through credit losses and he was long……just lost some credibility for me.

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