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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (41724)9/20/2005 4:59:53 PM
From: Lizzie TudorRead Replies (2) of 306849
 
TOL= an INCREDIBLE short

Every day, it goes down. The only question is whether it is going to go down only 2% or 3.5%. Today was a blockbuster- down over 6%!!!

TOl and some other homebuilders remind me of Nasdaq stocks in 2000. Down every day and some people were calling it just a correction, but it is obvious something has changed, since stocks don't go down every day in a correction. There is no way housing is ok, imho.
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