Market Currents
Furniture stocks were hit hard after La-Z-Boy (LZB -12.6%) posted disappointing quarterly...
-
Wednesday, June 20, 2012, 5:43 PM ETFurniture stocks were hit hard after La-Z-Boy (LZB -12.6%) posted disappointing quarterly results, even as permits for new construction reached a four-year high (I, II) and shares of home builders seem to forecast a housing recovery. The divergence either means the recovery isn’t real or the comeback is being driven by speculative buying of empty foreclosed homes, John Melloy writes.
Other date
Latest Macro Articles
This news story has 1 comment: