AbitibiBowater, Inc. (fka ABWTQ)

[KFC44]

Is this the "technical bottom" though?


imo, many times that things appear in print -- it's about time that they turn the other way.

GS made a market call on a Hyper Cycle for both Pulp and for Lumber.

Since lumber represents the majority of a cost of a new home -- you would expect that it would go back up to reflect the full cycle cost of building that new home.

Further, it can be argued that there are about 500,000 old energy inefficient, or termite infested or cockroach infested homes / apartment complexes in the US right now -- but Gov'ts do not know how to knock them down (take them off the market for re-sale or renting), simply because they don't hold the paper / deeds to them.

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If this storm hits, I think a lot of shorts will be covering.

Enjoy this animation link of the GOM for as long as this one lasts.

http://www.weather.com/maps/maptype/satelliteworld/caribbeansatellite_large_animated.html

PS I am hoping that this one is the real deal (Cat 5), becuase of what is happening to BP Common right now -- naked shorts and CDS blowing out.

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Separately,

New reports came out this morning from independent scientists showing that the sea-bed floor of the GOM (a few miles from the BP existing well) have been permanently damaged. Although the report does not lay blame -- it does say, that it is unknown at this time, whether the normal plates moving beneath the Ocean were causing this condition.

What is known, however is that the sea-surface bed has been disturbed largely due to the release of pressure from gases and liquids that were previously in a resting state.

It is also unknown whether the NEW Well -- which is being drilled may be having a negative impact to the bed floor, as well releasing more gases / pressure from the earth.