RE: What is going on here !!!!!!!!!What a rediculous and clueless reply.
HCG is just being taken down along with the US (non)-comparables due to the Fannie and Freddie mess. Same thing that happened last year. Same thing will likely happen next year.
Housing market is slowing but competition is down so its pretty much a wash. I expect good earnings to be announced in 3 weeks, comparable to Q1 results which were very good. I don't expect it to matter much though. The sector is out of favour and likely to remain out of favour for a while.