CosmicDust

ITB - housing market rolling over?

AMEX:ITB   ISHARES TRUST US HOME CONSTRUCTION ETF FD
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If using ITB as a proxy for housing market, it appears to be rolling over. If that is the case, how long and how high can Home Depot stand?
I would be glad if you showed me a market that does not roll over at the moment. Hard to find one
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Right. Some of my friends are still buying new house though, and Home Depot is still pretty strong - maybe it is a lagging indicator.
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2use CosmicDust
Some need it, but i advise to await a turn, it will come eventually - this cant be kept in the same pace. Plus while all previous corrections of US market opened some possibilities on other markets, i barely can find a place that does not roll over...and that makes me understand that money is not reshuffled, it is taken out of the markets. Not the best sign
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