Tuesday, October 14, 2014

Bad news for builders?


Thanks to Fred Pilot for this link to a financial story about an exhange traded fund (ETF) that includes the home building industry.  Bad news for builders?

'They may be called home builders,but this year their stocks are portfolio wreckers.Those who had the misfortune of buying the ETF that tracks the home builders (trading under the ticker symbol XHB) at the beginning of the year are in the red by 14 percent.The XHB is now trading at its lowest levels this year and according to the charts, it could get a lot worse."

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