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Reply to "PRICE INCREASES ARE OUTRAGEOUS !"

In keeping with my lifelong strategy of "buy high, sell low," lumber prices are down more than 40% in June alone.

I think this might be why I have a bit of skepticism about all of the geniuses telling us exactly what the future holds for us.

CNBC: Lumber prices dive more than 40% in June, biggest monthly drop on record.
https://www.cnbc.com/2021/06/3...-drop-on-record.html

Lumber futures are down quite a bit. Lumber prices at retail, also down quite a bit - leaving them 2-4x what they were pre-runup.

Screenshot 2021-06-30 1.09.50 PM

^ lumber futures. Happy days are here again - only 2-3x the historical (pre-COVID) moving average.

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  • Screenshot 2021-06-30 1.09.50 PM
Last edited by Stan Galat
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