Lumber Contract In I-Shaped Recovery, Up 91% On Year (Chart)
4/22/2010 01:52:00 AM
The Lumber contract is up 91% on the year, outperforming the S&P, Nasdaq and Gold. John Paulson said in a conference call today that housing prices could increase 8-10% in 2011. Yale's Robert Shiller said there's a 50/50 chance of another housing downturn. Who is bidding up lumber futures?