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November 8, 2005

Home-builder trashing, Tues., Nov. 8, 2005, 9:49 AM

There's an interesting situation developing on the NYSE this morning as home-builders are getting trashed. The Dow 30 is down "53 points. Is this really a bull market?

At the same time gold (Dec-05) contracts are trading up +2.20 to $462.60.

According to AP: Toll Brothers Inc. reported Tuesday robust gains in its fiscal fourth-quarter home building revenue, backlog and contracts, but the luxury home builder also trimmed its home deliveries forecast for fiscal 2006, citing fewer than expected selling communities and weakened demand in several markets."

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Here is a time-delayed interactive chart.
Homebuilding -USA

Posted by Posted by Bill Cara on November 8, 2005 09:49:44 AM | Category: 25 Cons Discretionary

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