I am very suprised by the rise in home builders today. I guess the comments from the beige book and the belief that the tax credit will get extended sparked the rally. I do not see that a 6% climb is warranted, but I guess the happy go lucky market does.

Pointing to Wednesday's release of the Federal Reserve's summary of current economic conditions, commonly known as the Beige Book, Roberts notes "the bright spots were residential real estate and manufacturing." .