Bill Ackman, of Pershing Square Capital Management (hedge fund), made billions for himself and his investors by selling the sub-prime market short early on in the real estate and mortgage debacle. His stock picking acumen is widely known and is considered to be the new Warren Buffet. When he speaks you should listen.
Early this morning he was a guest on CNBC. He made the following comments that caught my attention.
"Now is a great time to buy a home. You will be happy that you did 10 years from now."
"While the values in the stock market are not as compelling as last year, investments in good companies are still a good bet." (Paraphrased)
The economy is getting better and fear is subsiding.
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