Sep 30, 2014

Many Homebuilders Are Making 52 Week Lows

Beneath the averages there are a lot of stocks that have been clobbered over the last 11 months. Some of the hardest hit apart from gold stocks, the homebuilders. And I have been pretty negative on this sector for a while and we have a lot of homebuilders making 52 week lows this week. Some of these stocks are at 2 year lows, not just 1 year lows!

Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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