Home Improvement Industry Stocks Hold Steady

[Monday, September 24, 2012]  The Hard Fax Composite of home improvement industry stocks were even with the prior week in the latest week of trading ending at 1422, the same as the prior week, and is currently up 29 percent on the year. The Dow Jones Industrial Average fell 14 points for the week, ending at 13579, or plus 11 percent on the year.

Last week the market basket of 28 industry-related stocks had 16 gainers versus 12 decliners.

There are some indications that money managers have begun to exercise caution as the fourth quarter approaches. Having experienced double-digit gains thus far for the year, large stock fund managers may be content to pocket the gains and wait to see what develops as a result of the latest Fed move to buy mortgage-backed securities in an effort to stimulate the economy.

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