The 10 Dumbest Analyst Calls of 2008
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2.
"Housing will bottom when new housing starts fall below 1 million units per year."
Any Week between Jan. 2 and mid-September Virtually every analyst following the homebuilders for the first nine months of the year. November housing starts dropped to 625,000 -- down 18.2% year-over-year and 6.4% from October -- and new permits fell even harder. Total housing inventory is twice what it was two years ago.
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