Just got off the phone with a guy that does a lot of construction type stuff...

Open interest for current month lumber futures is about 34% below last month, just another FYI. The drivers of higher lumber price (housing & renovation on the demand side, closed sawmills on the supply side) don't seem so hot.

  • Devin Stockfish, CEO of Weyerhaeuser, just said "I don't think $1,000 lumber prices are the new normal".
  • Wood products (NAICS industry) saw the least amount of growth in this months PMI (and saw a contraction in employment...)
If you were saying this stuff last October it might have been interesting. Now it's just late/stale/wrong.
 
Saltynuts said:
I don't know what bum-fuk part of the country you live in, but around these parts home prices up, home sales up, everything is up. Blackrock stopped buying? Dunno about that, just saw this post, in this forum, which was today.

Why is Blackrock buying every single family house they can find, paying 20-50% above asking price? | Elite Trader

But I'm going to believe all this shit is going on because some fat dipshit on the internet desperate for attention says its so, rather than believe my own eyes and logic?

Nope, you are just a dumb fat fuk, I'll stick to the truth you freaking moron. Go eat some more cupcakes and tell your mom I'm going to be a few minutes late tonight, fatbody.
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WSJ article on thread is from April 4th numbnuts. ET'ers being late to the party? Somebody stop the presses.
 
Saltynuts said:
I don't know what bum-fuk part of the country you live in, but around these parts home prices up, home sales up, everything is up. Blackrock stopped buying? Dunno about that, just saw this post, in this forum, which was today.

Why is Blackrock buying every single family house they can find, paying 20-50% above asking price? | Elite Trader

But I'm going to believe all this shit is going on because some fat dipshit on the internet desperate for attention says its so, rather than believe my own eyes and logic?

Nope, you are just a dumb fat fuk, I'll stick to the truth you freaking moron. Go eat some more cupcakes and tell your mom I'm going to be a few minutes late tonight, fatbody.
More...


My tax residence is in the hottest mkt in the country. There isn't a single home on our street under $3MM. It ain't BF Texas, Sport.

This just in! Salty BAE thinks it's April!
 
destriero said:
I heard that this thing called COVID may hit the US. You may want to consider shorting 50K ES.
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Oh. That’s a good idea. I will do it first thing tomorrow. Btw - have you heard of this company called Netscape. They are about to IPO. It’s going to be HUGE!
 
newwurldmn said:
Oh. That’s a good idea. I will do it first thing tomorrow. Btw - have you heard of this company called Netscape. They are about to IPO. It’s going to be HUGE!
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this series of tubes is just a scam, it'll never take off
 
Saltynuts said:
1. I've been buying gold, silver, and copper ETFs. Not a ton, but slowly.

2. I want to buy a second house, or some raw land, in the very near future, using a 30 year mortgage.

3. Increased my stock holdings generally, absent Corona re-emerging I don't think the market is going to go down and stay down for any material amount/time with the huge stimulus that is here and more that is coming, including the inflation.
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You need to get rid of your GME shorts first!!!
 
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