All three major indexes lost over one percent in today’s trading as investors rotate out of growth stocks and reinvest in value stocks. Sal Arnuk at Themis Trading said investors took the escalator going up but are coming down on the elevator. The Dow Jones Industrial Average lost -1.02 percent, -166.84 points, to end today’s session at 16,245.87. The Nasdaq fell -1.16 percent, losing -47.98 points, to close at 4,079.75, while the S&P dropped -1.08 percent, -20.05 points, to settle at 1,845.04, according to CNNMoney. The Yahoo! Finance Manufactured Housing Composite fell -4.37 percent to close at 726.77. Housing stocks we follow in today’s trading all closed down or even. Skyline Corp. plummeted the most of stocks we track, -9.80 percent, -0.62 points, to finish at 5.66. Affiliated Managers Group 190.82, -3.58 points, (-1.84%). Cavco Industries, Inc. 76.04 -2.14 (-2.74%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 184,700 -1,053.00 points (-0.57%). Deer Valley remained unchanged at 75.00. Drew Industries, Inc. 50.91 -1.33 (-2.55%). Equity LifeStyle Properties 40.82 -0.30 (-0.73%). Liberty Homes remained steady at 0.80. Louisiana Pacific Corp. 16.29 -0.57 (-3.38%). Nobility Homes closed unchanged at 11.75 after falling -9.62 percent Fri., April 4. Patrick Industries 39.87 -1.10 (-2.68%). Sun Communities, Inc. 44.44 -0.30 (-0.67%). Third Avenue Value Fund (April 4) 58.18 -0.27 (-0.46%). UMH Properties 9.76 -0.01 (-0.10%). Universal Forest Products, Inc. remained unchanged at 54.78. ##
