This column was originally published on RealMoney on Oct. 25 at 8:37 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
About a month ago, I devoted a column to an in-depth look at
how far the homebuilder stocks could fall.
Homebuilder longs thought I was bashing the group, but rather, I was just looking at the worst possible scenario.
Frankly, I haven't heard much from that group since, as the continuing decline caused the critics to go into hibernation.
Too bad, as some of the stocks are starting to look attractive.
Therefore, a follow-up is in order, so today I'm going to take a look at
The first chart will be from Sept. 28, when I did my worst-case analysis, and the second chart is the current one.
It's fairly interesting (chart) reading.
And that is the final word from the Federal Reserve, where all this talk about Bernanke is amazing.
Was there any discussion when Greenspan came aboard?
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Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.
Smith writes a daily technical analysis column for RealMoney.com and also produces a daily premium product for TheStreet.com called The Chartman's Top Stocks --
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