Replies to post #709 on Hovnanian Enterprises Class A (HOV)

[Toro Twister]

Many of the national builders are hovering around their 52 week lows. The yield curve is looking a bit suspect. If it inverts for any length of time home builders are finished. It's one of the most reliable leading indicators of recession and with rising rates, inflated home prices(bubble by some peoples measure in many markets), and overall market volatility we could be in for a rough ride here. I would expect HOV to level off and hover around the buck and a quarter mark for awhile. It wouldn't take much for a nice pop though