Buy homebuilder stocks, when sentiment is lousy, says Smead Capital's Bill Smead

Our next guest, this all sounds great, but our next guest warns that stocks just hit a line of death that was last reached at the peak of the dot bubble. Although even he says there's still plenty of reasons to be bullish. Let's bring in Bill Smei, the CIO of Smeed Capital Management.How's that for an intro, Bill. Welcome. Oh, glad to be here.Look forward to talking with you. Line of death. What line is that.Well, it just showed that the inflation adjusted PE ratio was was a match with the dot. But we've we ...