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‘The Big Short’ investor Steve Eisman says he would avoid these stocks now, including homebuilders

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Steve Eisman, the investor who called the subprime mortgage crisis, said he would advise against buying home builders and consumer-related stocks.

Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Tuesday that he would advise against buying homebuilders and consumer-related stocks given higher interest rates. "I wouldn't own homebuilders right now," Eisman said on CNBC's " Fast Money ." "The homebuilders have been subsidizing their customers with lower rates, but even that's gonna bite.

Anything in that universe, I think, is just going to have trouble. Just because of simple math," Eisman said. Eisman shot to fame by betting against subprime mortgage loans before the 2008 financial crisis, as chronicled in Michael Lewis' "The Big Short: Inside the Doomsday Machine," and the subsequent Oscar-winning movie based on the book.

 

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