Lumber is the next big thing

Sometimes the next big thing doesn’t work out. Nobody made a buck on green energy such as solar, uranium and turbines. Food is now disappointing along with the transportation and infrastructure plays generating nixed returns.

The lumber stocks are on fire (bad joke)

Plum Creek Timber (PCL)  

Canfor Corporation (CFP)

Norbord Inc.(NBD)

Acadian Timber Corp (ADN)

West Fraser Timber Co. Ltd. (WFT)

Weyerhaeuser Co. (WY)

The chart of Norbord is typical of the group. Norbord almost went bust in 2008 and is just beginning a 2nd up leg advance – or an Elliot Wave (3) advance. Anyway a picture is worth a thousand words.