By Tom Dyson in DailyWealth:
To predict the stock market, I watch lumber...
To store lumber, you need a large climate-controlled warehouse with a railroad spur. Even then, it could still spoil within six months, destroying your entire investment.
Because lumber loses its value quickly and it's expensive to store, the investment public at large does not participate in the lumber market. The costs are too high...
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More bearishness:
Traders take note: This leading stock market indicator is turning down
Start shorting: Jeff Clark's trading plan for the next two months
The outstanding Andy Kessler lays out why this is a sucker's rally