Timothy Siegel

AK Steel: 10 Structural Changes That Should Trump the Business Cycle

Fxtrader, you and I think in a similar way. I remember watching CNBC, last year, and hearing an analyst say that the recession would likely drive petroleum prices down. I was aghast, because it seemed that to this fellow the U.S. was the world. "We are the world," some think. And right after WWII, there was some truth to that. The US represented a huge share of the world economy. But it sure is not true any more.

AK Steel: 10 Structural Changes That Should Trump the Business Cycle

Thank you, FLLLL. I'm glad I know that history now. As Mark Twain said, "It's not what you don't know that will get you into trouble, it's what you know for sure that just ain't so." I don't discuss these things with many people who are knowledgeable, so after I read the "AK" as Arkansas (and it's actually the postal abbreviation for Alaska), I just went blithely on, uncorrected. Seemed strange that they always abbreviated it and had no facilities in Arkansas, but after once forming the belief, it was so easy to continue. Now I'm glad I know the truth.

AK Steel: 10 Structural Changes That Should Trump the Business Cycle

Fllll, point well taken. I just think of them as Arkansas Steel because that was the name when I first started buying in.

Steel Market Update, Still, hasn't the market reaction been a little overdone? A 25% drop on one piece of bad news, that might not even be that bad??? The point is that so many shareholders are ready to sell at the first sign that there will be a downturn.