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The markets right now and home -- stumbling a bit after some mixed earnings results from that sector so it's the subject dubbed the trade.
Today -- the stuff.
Might -- a lot there stumbling at this point Connelly looking a one to fifteen per saying gay boxes across the board.
For the major homebuilders but if you look at their year to date performance.
This is not in character for what -- seen so far in 2012.
You take -- -- Diaz shares.
So far this year the S&P homebuilders ETF this is death to be home mothers index.
-- more than 50%.
This year so hold others have been on a terror but we got a couple earnings report that today that are -- definitely disappointing those buyers of these homebuilders.
Of -- if you take a look Beazer Homes.
And -- this year it's up double digits look at this intra day loss of fifty.
These -- that these stocks -- a -- and this bad news today they've reported a wider than expected loss for the quarter.
The fundamentals are still good in that report -- they said total home closings up 17%.
Orders for new homes up 10%.
So there -- high expectations stock taking a hit that analysts.
Still -- -- -- I'd be some Iraq fundamentals -- behind the housing market okay good enough -- thank you very much after that there's more ahead.
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