Real Estate is making a 90 degree turn-
Submitted by vickers
on Fri, 02/24/2012 - 5:42pm
Whilst driving this past weekendI couldn't help notice that the lumber millswere loaded with timber, and i MEAN LOADED.Not only were the yards full but finished productwas stacked high and ready for transport as weretrucks busy arriving for more milling. A couple things about thewood biz, you don't cut the trees unless you have orders.Time travel back to 2008/09 and those same yards were mostly emptyand were operating on wayyyy reduced shifts vs now and I expectthey are running 24 hours a day. OOOOO time.... for just when we were ready todig a hole the economy is alight with the bustle of cranes, full shopping cartsand customers in parking lots and aisles. Real Estate has very likely bottomed. This maylikely provide more confidence for rising equities as well.