Shares of Toll Brothers (TOL) look set to sink further, which signals a double-dip in the US housing market and severe risks for the economy in general according to Robin Griffiths, technical strategist at Cazenove Capital:
"It's a lead indicator. America doesn't need anymore new nice houses and it won't need any more for several years. It's indicating there is another dip in this sector down the road and probably from early next year when many mortgages reset"
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