RECESSION ALERT - Homebuilders WAY Overbought | SHORT $KBH

Leverage. It's a beautiful thing.

There is not much to say about this one, the chart speaks for itself.

Brief Disclaimer: this chart has evaded me - I personally think it should have corrected awhile ago (see grey arrows). Nonetheless, I never bought it... WHY?:

The economy is now well into a recession (has been for at least a year). For whatever reason this thing was bought into the stratosphere.

Now comes profit-taking and the COLLAPSE! This baby is going DEEP!

Thank you for playing.

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