Home Improvement Industry
Stocks Dip 9 PointsThe Hard Fax Composite of home improvement industry
stocks fell nine points in the latest week of trading to end at 1362, down from
1371 the prior week, and is currently up 24 percent on the year. The Dow Jones Industrial Average fell 117 points
for the week, ending at 13158, or plus eight percent on the year.
Last week the market basket of 28 industry-related
stocks had 16 decliners versus 12 gainers.
With the industry composite up 24 percent on the year,
it is obvious the market is bullish on the growth potential of the home
improvement industry. It would be wise
to remember, however, that what goes up can go down. Even the most optimistic of investors acknowledge
that the world economy and the uncertainty of our own country’s political,
social and economic future are causes for concern.
‑ TVG
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