Tuesday, May 21, 2013
LUMBER Lumber Daily Chart Price Collapse
The dramatic collapse in lumber has gone relatively unnoticed. Lumber peaked in March and has tumbled ever since, from 405 to 314, a drop of -22%, a bear market drop. How can this be with the pundits announcing on television and in media each day that the housing recovery is full steam ahead? Lumber is obviously the main commodity required for building houses. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.