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:2864 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.