Why did it take Wall Street 3 days to realize that the fundamentals of Toll's most recent rally were purely sentimental? Unemployment is at record levels, consumer sentiment is low, almost every industry nationwide is contracting, and the origin of our current recession is in the housing market. Even the CEO was throwing stock overboard like water on a sinking ship. Was this 8% correction surprising? No. Expect more. But don't say I didn't give one hell of a good short-term easy money tip.
TOL
Low: 20.35
Close: 20.69
January 7, 2009
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