Why is TOL rallying with other home building stocks? Great Depression 2 on the horizon, companies have begun laying off and will do so in spades soon. 30 year mortgages went from 3.2 percent to 6.5-7%, gas is $7 a gallon, credit card debt is a record $1.1 trillion! If interest rates stay UP house prices will come DOWN the American ponzi scheme of indentured slavery is based on long loans and the cost of the MONTHLY payment. Home builders are tone deaf to what's just begun....... Steer clear this sector for the foreseeable future!
Trade closed manually:
Sold my puts on this mornings drop will wait to re enter higher