There does seem to be a slowdown underway in the current housing boom. I suspect the slowdown is a precursor for worse things ahead for housing, and since housing is such a big part of our economy, would have a direct impact on our economy.
Generally speaking, such a scenario is not good for the stock market, but I stick with my approach of buying stocks in companies which are resistant to economic cycles, pay good dividends and have a history of raising them annually, the only caveat being to make sure one maintains a good reserve of cash to be able to add to such positions if bargains present themselves. Further, all my recommended stocks are financially strong, SLE being the least so, so I would monitor that one most closely.
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