Market Overview

Bill Ackman Bullish on the Economy and Housing

Pershing Square CEO, Bill Ackman, appeared on CNBC this morning discussing his investments and the housing market.

Some of the the highlights of the interview:

-Ackman Said Home Buying is Still Crimped by Fear of Job Situation

-Ackman Thinks Situation in Greece is Priced into World Markets

-Ackman Said Effective Cost of Owning a Home is at its Lowest Ever; Wouldn't Be Surprised if Housing Turns

-Ackman Said There Is a Decent Chance Economy will Massively Outperform Expectations

-Ackman Said Ron Johnson Has Already Done a Great Deal in Short Time at JC Penney (NYSE: JCP)

Posted-In: Bill Ackman Pershing SquareCNBC Long Ideas Hedge Funds Movers & Shakers Economics Media Trading Ideas General

 

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