If anyone needed proof that there was a disconnect between Wall St. and Main St. then look no further than the housing stocks, in particular D.R. Horton, Inc. (NYSE:DHI). The stock plummeted an eye popping 11.5% in a single day, and basically took down the entire sector. The results were disappointing to investors to say the least, as U.S. sales of newly built houses dropped 8.1 percent in June to a 406,000. So what happened to this "recovery" that we all keep hearing about?
The broader markets are continuing to post new all time high after new all time high, yet we see a stock like D.R. Horton, Inc. (NYSE:DHI) taking a nose dive. The money printing that has been going on since 2008 as well as low interest rates, are supposed to be helping the housing sector, not hurting it. So where is all this money going?
The American public needs to start asking harder questions.
The money has clearly stayed on the balance sheets of the big banks and found its way to the fat cats on Wall St., not to the people on Main St. who need it most. The housing stocks have been lagging the overall markets for quite some time, now we know why. These equities are talking to us, investors and traders need to listen. If the use of all these QE`s cannot give the important housing sector a boost, then how will the overall market fare when QE3 comes to an end in October? There are endless amount of cracks emerging in the glass that is the stock market and economy. The question is, how long can the weakened glass continue to sustain itself under the surmounting pressure? One thing we know for sure, is that no matter what happens, if the market goes up or down, there will always be a trade and plenty of opportunities to make money. All you need to do is read the charts and just like in the past, the charts will once again tell the future far before any news paper, TV show or major financial firm informs the public.
For live market insight and alerts exactly when we enter and exit positions... come step inside the Elite Round Table and enter profitable trades live with the proven Pro's. You can also join our FREE market moving email list to get free updates ONLY when important action is happening. We look forward to having you join us as we navigate the markets and make money!
Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
Join the Elite Round Table on Facebook
The broader markets are continuing to post new all time high after new all time high, yet we see a stock like D.R. Horton, Inc. (NYSE:DHI) taking a nose dive. The money printing that has been going on since 2008 as well as low interest rates, are supposed to be helping the housing sector, not hurting it. So where is all this money going?
The American public needs to start asking harder questions.
The money has clearly stayed on the balance sheets of the big banks and found its way to the fat cats on Wall St., not to the people on Main St. who need it most. The housing stocks have been lagging the overall markets for quite some time, now we know why. These equities are talking to us, investors and traders need to listen. If the use of all these QE`s cannot give the important housing sector a boost, then how will the overall market fare when QE3 comes to an end in October? There are endless amount of cracks emerging in the glass that is the stock market and economy. The question is, how long can the weakened glass continue to sustain itself under the surmounting pressure? One thing we know for sure, is that no matter what happens, if the market goes up or down, there will always be a trade and plenty of opportunities to make money. All you need to do is read the charts and just like in the past, the charts will once again tell the future far before any news paper, TV show or major financial firm informs the public.
For live market insight and alerts exactly when we enter and exit positions... come step inside the Elite Round Table and enter profitable trades live with the proven Pro's. You can also join our FREE market moving email list to get free updates ONLY when important action is happening. We look forward to having you join us as we navigate the markets and make money!
Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
Join the Elite Round Table on Facebook