Re: Type “CME lumber futures” into google
I admit to looking at stuff from many angles but for whatever reason RSI is one
I have never paid attention to. Ps, ev/ebitda, PE, Pb are big factors for me. Then
lately I have been trying to make sense of candesticks. Mixed luck with that.
When a sawmill can sell a single board foot of lumber for $1 that trumps all else.
Truly nothing else matters. It is crazy and will continue for several years. Just
simple math. There is 6 months of extra housing demand that needs to be built.
And there is no way to do it.
All I worry about is them doing something stupid like a dumb acquisition. Or maybe their
Calhoun tissue machine bards out. That sort of stuff.
Kind of like the $1.x mil legal settlement that killed the glory of this week’s RELL report.