The recovery has been fueled by lower rates, and people have been so focused on that, they're losing sight of the fact that, in a normal recovery period, interest rates should be going higher. The economy still looks strong, and that's the key.
More Quotes from Andy Engel:
A week ago, we went out and shorted Treasury bonds. We do expect to see rates moving up as people realize the economy is strengthening.Andy Engel
Sentiment now is very bearish. We view this as a good sign for the market, going forward.
Andy Engel
The only material I was on the fence about was using steel studs. But I am a carpenter by trade and I prefer wood over steel. Every time I work with steel studs, I get my hands all cut up.
Andy Engel
This year is the first time since 1983-84 that small stocks have traded at a premium to big stocks.
Andy Engel
The key to dealing with mold issues is not trapping moisture. Using permeable materials, like polystyrene, allows moisture and vapor to move through the material. If you can combine permeable materials and the proper level of dehumidification, a finished basement shouldn't develop water issues.
Andy Engel
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