Why Pool Corp., Home Depot, and Lowe's Took a Dive Today

Shares of housing-related stocks Pool Corp. (POOL -7.25%), Home Depot (HD -4.08%), and Lowe's (LOW -4.62%) were falling in Tuesday's trading, down 6.9%, 4.1%, and 4.6%, respectively, as of 1:12 p.m. ET. While management noted the "non-discretionary" parts of the business remained solid, as one thinks they would, the "discretionary" parts of the business, predicated on general economic conditions, are much weaker than expected. In fact, CEO Peter D. Arvan elaborated the company now expects new pool construct ...