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Title: Lumber Just Keeps Getting Crushed, Now Officially A "Reverse V"
Source:
The Business Insider
URL Source: http://www.businessinsider.com/lumb ... -officially-a-reverse-v-2010-6
Published: Jun 23, 2010
Author: Joe Wiesenthal
Post Date: 2010-06-23 21:30:55 by reaganisright
Keywords: Housing, commodities, recession
Views: 3266
Comments: 12
The horrible housing numbers has been bad news for lumber prices, something we've been paying close attention to lately. Futures were down again 3% today, and have almost completed a full "reverse V," returning to crisis-days levels. 
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#5. To: reaganisright (#0)
I posted an article couple of weeks back that suggested another housing bubble. In the Cincinnati area we have entire subdivisions..those 'showcase' or 'homarama' type McMansion things, that are sitting empty. Developers are paying a premium for security guards to keep an eye on em. Heard its the same way in Vegas. Just wait til the administration can't hide behind a couple of hundred thousand temp workers. We're back on the downslope after the inevitable bump you get from throwing hundreds of billions of dollars against the wall, hoping it sticks. It didn't...as many of us predicted accurately 15 months ago.
#9. To: Badeye (#5)
I think it's time for me to invest in real estate, mr. wrong.
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Replies to Comment # 5. I posted an article couple of weeks back that suggested another housing bubble.
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