DJIA Down 166 as I post
Looks like they are saying the divergence in housing starts and lumber futures may be a warning sign for the housing markets.
DJIA Down 166 as I post
Nonsense!
Lumber futures limit down = BULLISH! Cheaper lumber means more houses, which means more loans and more “money velocity”, more earnings for the builders, higher stock prices!
Lumber futures limit up = BULLISH! If lumber is in short supply, that means that the housing boom is back!
I really don’t know why CNBC never responds to my application to be an on-air personality.