March 05, 2004

Chart of the Day: Homebuilding to the Sky

You wonder where all that money market mutual fund cash is going don't you? You know it's domestic equity funds, but which ones? Try homebuilders, tech, and small caps. And try homebuilders the most. More supply demand data to follow, and not such good news. But for now, check out the Philly Housing Index (HGX, an index of homebuilders) moving up and over its 50-day moving average and the STRATOSPHERE!


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