My new favorite cliche from this just -ending earnings season is “(so-and-so company/industry) is set to benefit as housing recovers“.
Think about the absurd obviousness of this statement and the frequency with which it’s being repeated from every corner of corporate America.
And you can basically put any company or industry name in that blank and the sentence makes sense. After all, housing is what killed us all anyway.
Watch this:
Bank of Americais set to benefit as housing recovers.
Burger Kingis set to benefit as housing recovers.
My Aunt Bernadette’s Investment Clubis set to benefit as housing recovers.
Kelly Clarkson’s Album Salesare set to benefit as housing recovers.
The Democratic Party is set to benefit as housing recovers.
The Republican Party is set to benefit as housing recovers.
The Communist Partyis set to benefit as housing recovers.
Ad rates for ABC’s Primetime Lineup are set to benefit as housing recovers.
The North American Slumlord Associationis set to benefit as housing recovers.
Every Single Publicly-Traded or Private Company in Existence is set to benefit as housing recovers.
The Hot Air Ballooning Industryis set to benefit as housing recovers.
Anyway, thanks to all of the visionary CEOs, analysts and pundits who keep reminding us of the long and growing list of entities, companies, sectors and businesses that will benefit from a housing recovery. This is very helpful information for those of us who have been trapped at the bottom of a well since late 2007.
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I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
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