He said another way to play this market is to be highly leveraged on the U.S. economy in stocks like timber companies such as Plumb Creek Timber(PCL) and Weyerhaeuser(WY).

Timber exposure

Plum Creek Timber Co. announced recently its board of directors approved a plan to buy back an additional $200 million of its shares.
Earlier this month, Plum Creek repurchased $149 million, or 3.6 million shares, of its common stock. The shares -- which were repurchased at an average price of $41.76 each -- completed a previous $200 million stock buyback program.
The company also recently reported third-quarter earnings rose to $69 million, or 40 cents per diluted share, from $59 million, or 34 cents per share a year earlier.

Timber REIT

From a recent Mad Money show:

"I have always liked them. I think they have a nice dividend. I'm not against them, I'm with them."

owns lots of valuable timber land

Plum Creek Timber (PCL) was upgraded from Hold to Buy at Merrill Lynch. $50 price target. Private timberland valuations are soaring and this should drive multiple expansion as PCL is trading at 1,260/acre on an EV/acre basis.

dividend

Family owns logging company

never goes out of style

Weak timber demand

pinoff from bni...