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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (19638)10/8/2004 12:17:04 PM
From: russwinter  Read Replies (1) of 110194
 
<Lumber>

Is this a supply (I don't follow this closely on this one) or a demand situation? Or just a temporary correction off a speculative move? I don't see any abatement in the useage of lumber on the housing construction side, especially with a 450 purchase index and fresh credit bubble inflationary fuel after today's bond rally. Lumber and plywood may just spike right back up. Commodities trade in much more choppy fashion than other maladjusted economy indicators like stocks (at least right now), but the overlay or 200 day MA is decidedly up across the board.
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