something for sure smells in the U.S. markets. Nothing makes sense! Before you know it, terrorists will blow up key financial centers and the result will be higher stock prices!!!! man it stinks in stockland. something is going to give big time. and its only a matter of time.
I think we see teens before the end of October. If we tip into recession, $14 is easily within reach. IF consumer are still spending, XHB will hold up better due to the retail components.
SPF, HOV, and BZH will go to zero. However, these are a small part of XHB. Over half the value is in the 10 stocks below. I have never been short MDC, and NVR doesn't have puts (dang!). I do have puts on CTX. Still, I think ITB will perform much worse than XHB.
Company Symbol % Assets CENTEX CP CTX 5.04 CHAMPION ENTERPRISES CHB 6.6 ETHAN ALLEN INTERIOR ETH 5.73 HOME DEPOT INC HD 5.79 LEGGETT PLATT INC LEG 5.2 LOWES COMPANIES LOW 5.25 M D C HOLDINGS MDC 5.2 MOHAWK INDS INC MHK 5.23 N V R L P NVR 4.92 SHERWIN WILLIAMS CO SHW 6.09