Lumber coming out of the darkness

This is a discussion on Lumber coming out of the darkness within the Commodities & Money Markets forums, part of the Markets category; i like your thinking but its going to take more than building new houses to turn this mess around...

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Old Feb 11, 2009, 2:17am   #9
 
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i like your thinking but its going to take more than building new houses to turn this mess around
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Old Feb 11, 2009, 3:14am   #10
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maxwellreid started this thread I am looking at the bottom for lumber being made and the possibility of it being an indicator to a general market bottom. I agree building more house will not drag us out of this quagmire.

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Old Feb 14, 2009, 10:54am   #11
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maxwellreid started this thread There's just something about lumber.... "According to CRSP, only one industry had positive returns from 1930 through 1932: logging. The two stocks in that tiny sector, Diamond Match and Mengel Co., whittled out a cumulative gain of 40% for the three-year period. Diamond turned timber into matchsticks; Mengel made trees into packing materials, primarily for daily necessities like tobacco and soap."

1930s Lessons: Stocks for After a Crash - WSJ.com

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Old Feb 19, 2009, 2:06am   #12
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maxwellreid started this thread I think traders in this market for lumber are exhausted. That is, it has been hit by so much bad news:
"Earlier Wednesday, Commerce reported that seasonally adjusted housing starts in January were down 14.5% from December to 466,000 units, far worse than the 4.9% decline economists had predicted. Adjusted building permits were down 4.8% to 521,000, according to Commerce". The bad news barely dented the lumber market. imho, this is a time for "fresh eyes". Do Your Own Research

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Old Jun 18, 2009, 5:54am   #13
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maxwellreid started this thread Lumber, may turn out the star of the softs. A few limit up days, rumors of more mill cut backs and houses are still being built. Lumber needs only a small catalyst, given the general malaise in housing. The stimulus will need lumber as well. Some profit has gone in the roll overs, but all in all..

Max
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Old Apr 16, 2010, 2:21am   #14
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Re: Lumber coming out of the darkness

maxwellreid started this thread lumber has been a commodity star. $140 to $318. Whether this market bull market continues, lumber did indeed call the turn. Worth keeping an eye on as it may signal any down turn. When this "softs" thread gets excited it will be time to exit

Max
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Thanks! The following members like this post: N Rothschild
Old Oct 18, 2011, 7:26am   #15
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Re: Lumber coming out of the darkness

maxwellreid started this thread Lumber Prices Are Signaling A Growing Economy - Business Insider

Lumber, calling the market.
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Old Oct 18, 2011, 10:03am   #16
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Re: Lumber coming out of the darkness

Got wood?

Peter
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