Sunday, September 10, 2006

As housing goes, so goes the S&P?

Buried in this commentary at MarketWatch is a fascinating tidbit: The S&P 500 moves in lockstep with the National Association of Home Builders' Housing Index -- lagging by about 12 months. And over the last 12 months, the NAHB Housing Index has plummeted by half.

No, correlation is not causation. But it's eerie.

Hat tip George Ure.


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