Bears Back, Dow down over 400, Most MH dive, Nobility Homes bucks trend

8.18.2011_RealTick_CNNMoneyCNNMoney reports that stagflation, recession and Euro-debt concerns are among the factors that caused investors to retreat, with a sharp decline on the markets today. The Dow closed down at 10,990.88, off -419.33 -3.68%. The Manufactured Housing Composite index dropped even more sharply, to 744.3, off -4.93%. Affiliated Managers Group dropped sharply to 77.28 -8.32 (9.72%). Clayton, VMF and other manufactured housing builders, lending and supplier parent Berkshire Hathaway moved lower to 104814.00 -3761.00‎ (-3.46%‎). Cavco Industries also declined 30.13 1.82 (5.70%). Champion Enterprises, Liberty Homes, Palm Harbor Homes and Third Avenue Value Fund remained unchanged. DEER VALLEY CORP dropped sharply to 0.45 -0.05 10%. Drew dropped to 18.13 -0.61‎ (-3.26%‎) ELS -2.65‎ (-4.11%‎). Nobility Homes nobly bucked the bears, the sole covered industry stock that rose to close at 7.02 +0.13 (1.89%). Patrick Industries moved lower 2.00 -0.06 (-2.91%). Skyline Corporation fell 9.82  0.45 (4.38%). Sun Communities retreated 35.36 -2.07 (5.53%). UMH Properties slid 9.30 -0.23‎ (-2.41%‎). Universal Forest Products, Inc. retreated to 25.24 -1.66 (-6.17%).

(Graphic credit: RealTick and CNNMoney)

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