While stocks make higher highs and investors shrug at recent housing data weakness (because, well it must be the weather, right?), it appears there is one rather important factor that every one missing… Unless houses are now being made of stock certificates, Lumber prices have fallen for the last 21 days and stand at 10-month lows… suggesting real demand for the most basic building material in America is non-existent.
Timberr…..
Seems like the builders get it…
Don’t Care? Maybe you should…
And then there’s this…
Home Builder – Head Scratcher http://ift.tt/1iXbxqN
— Not Jim Cramer (@Not_Jim_Cramer) May 22, 2014
But don’t worry, we’re sure The Fed will rescue everyone again…?
via Zero Hedge http://ift.tt/1kCSW87 Tyler Durden