Kelvin Schulle

Four Potential Weak Links as Steel Sector Loses Momentum

Jeff,
your arguments are really out of date, if you said these 1 month ago, people will agree. With steel stocks down so much in one month, most of them are trading at 5 year low! snap back rally will be huge. don't forget the coordinated global government spending is unprecedented in one century. the spending will be on infrastructure. Resources stocks and steel stocks are likely coming back quicker than you thought. it is really time to buy those stocks X and CLF and others. CLF is extremely attractive, one china huge contract will send it through roof again. US steel easily 100% from here. don't you see volstwagen rally last week? even Goldman sacks got killed, (GS shorted VW)

last thing. election changes everything, fundamentally. if you short, better cover(actually every single stock), my advice.