It`s done. You can a fork in this housing recovery. And the homebuilders stocks are showing you. Again, one or two year lows! The Dow Jones Industrials is over 17,000 points, everybody talking about a recovery and the homebuilders are in a bear market. They don`t even see the recovery. How can you have a recovery without the housing sector?
Related stocks: The Ryland Group (RYL), Lennar Corporation (LEN), KB Home (NYSE:KBH), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 30, 2014
Many Homebuilders Are Making 52 Week Lows
Beneath the averages there are a lot of stocks that have been clobbered over the last 11 months. Some of the hardest hit apart from gold stocks, the homebuilders. And I have been pretty negative on this sector for a while and we have a lot of homebuilders making 52 week lows this week. Some of these stocks are at 2 year lows, not just 1 year lows!
Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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