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SPDR Series Trust - SPDR S&P Homebuilders ETF Message Board

  • philipp10 philipp10 Mar 29, 2010 10:12 AM Flag

    SIGN OF HOW NUTTY THIS MARKET HAS BECOME

    SIGN OF HOW NUTTY THIS MARKET HAS BECOME
    Consider the following developments in the U.S. housing market: The homebuilders’ index is down 20% from last September; housing starts back to June 2009 levels; new home sales at a record low … however, the homebuilding stocks are up 23% year-to-date and have outperformed the market by 1,700bps.

 
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