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Home builders and Real Estate (IYR) gave an early signal to some up coming economic and broad stock market weakness back in 2006 & 2007.

Of late Home builders and IYR are sinking in price, breaking lower below support of large bearish patterns.

Is the message coming from them something important or just noise?

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past