Can Banks and Housing Companies Perform as Well in 2013 as They Did in 2012?
To have really outperformed the market in 2012 you had to believe firmly in two related concepts at the beginning of the year. First you needed to have conviction that the housing market had hit rock bottom as the data was suggesting at the time. Second you had to believe that the financial stocks that had contributed to or caused (depending on your personal opinion) the real estate market’s plunge and the financial crisis also were poised for a rebound. True broad stock market returns in 2012 weren’t all that shabby especially given the degree of uncertainty surrounding Europe’s ...
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