August 2, 2010

Alan Greenspan: We Are In A Pause In A Recovery


Alan Greenspan gave a bearish economic outlook this weekend in the "Meet The Press":

"We're in a pause in a recovery, a modest recovery but a pause in the modest recovery feels like a quasi-recession"

Greenspan added that a new recession is possible if housing prices keep trending lower,

"It is possible if home prices go down. Home prices as best we can judge have really flattened out in the last year."

Related stocks: Lennar Corporation (NYSE:LEN), KB Home NYSE:KBH), D.R. Horton, Inc. (NYSE:DHI), Toll Brothers, Inc. (NYSE:TOL), The Ryland Group, Inc. (NYSE:RYL), Hovnanian Enterprises, Inc. (NYSE:HOV), Bank of America Corporation (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), SunTrust Banks, Inc. (NYSE:STI), Fifth Third Bancorp (NASDAQ:FITB), Huntington Bancshares Incorporated (NASDAQ:HBAN)

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