What is this all about?
Barratt - the UK house builder - is in free fall. The most recent price quote had them at 91.5 - down 24 percent on the close yesterday. A year ago, the company was trading at 1040. Today, Barratts is worth less than a tenth of what it was worth a year ago.
The BTL brigade might still have faith in the housing bubble, but Barratt investors started to run for the exit a year ago.