Doug Kass seems to be on the same page as us at T&T Capital Management with his thesis that investors want to be exposed to the banks that have exposure to real estate to play the rebound in prices and demand. He also sees the tremendous value that Berkshire Hathaway (BRK/B) offers at current prices. The reason the banks are a better play than home builders is because of valuation, and due to the fact that demand for new homes might not be as high as demand for existing homes, because of the lower comparative prices of existing homes due to foreclosures and short sales.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.