Some of the housing companies, the stronger ones like KB Home (KBH) are reasonable. I think they will also correct because I think the inflation trade that has become overly popular is going to correct and started a correction beginning in November with emerging economies. Many stocks in emerging economies are down 30 or 40 percent and I think this correction will be ongoing. - in bloomberg
Related: iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), Lennar Corporation (NYSE:LEN), Toll Brothers, Inc. (NYSE:TOL)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
