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"Worse than 2008," is the conclusion of Credit Suisse analysts of Asia's metal and mining...

"Worse than 2008," is the conclusion of Credit Suisse analysts of Asia's metal and mining industry after having spent a couple of weeks on the ground. "Our discussions suggest a significant loss in growth momentum ... especially for steel makers." An expected China stimulus program "would bring temporary relief at best."
Comments (7)
  • gilgi
    , contributor
    Comments (18) | Send Message
     
    I am no analyst but Brazil just cut the interest rate and more cuts to come and there seems to be a resolution to the potash development in Argentina and I am waiting for Europe to put its best foot forward..I just bought some Vale. Is it bottom..I do not know...but then again who knows??
    6 Jun 2012, 03:50 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Worse than 2008 seems to be the theme in more than one country, yet DOW surges on ______________ news from _____________. Have to wonder if this is the typical last pump before the bottom falls out and DOW drops a thousand points. No resolve in EU, no resolve to US budget deal, unemployment (more import than beige book) keeps rising. Watch out for Vale/material stocks. China has 10 tankers filled to brim with coal sitting off-short waiting to find a home. Haven't worked thru the EU deal sufficient for me to buy anything.
    6 Jun 2012, 04:07 PM Reply Like
  • baseballman24
    , contributor
    Comments (300) | Send Message
     
    Bet they went long right before publication LOL... Anyone who brings up 1929 or 2008 in a story is just a jerk.
    6 Jun 2012, 06:25 PM Reply Like
  • osvold007t
    , contributor
    Comments (109) | Send Message
     
    After 24 years of experience in the brokerage business my take is that this too shall pass. Now would be the time to buy those stocks you want (if we only had money). I always have "crazy bids" on a number of stocks, GTC and wait. Sooner or later I wind up with a couple of them and review the left bids to see if I should go lower. So far its worked for the last15 years and I expect it will for the next 15. I've got KO at $60, MCD, $65, BIDU at $95, and FFIV at $90. You'd be surprised how often one of the "crazies" shows up at being bought, (100 shares to start and then added to if it still feels right and not a WMU.)
    6 Jun 2012, 07:06 PM Reply Like
  • Day Trader001
    , contributor
    Comments (675) | Send Message
     
    China & stimulus just don't go together!

     

    They don't have the issues some in this country would like to see.
    It is a constructed economy, unlike our own. Like it or not, there is a great deal of money to be made betting on them vs. against them.
    7 Jun 2012, 05:42 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (3400) | Send Message
     
    Good point about China & stimulus. The word "stimulus" has become so overused that any simpleton can simply throw it out without any thought. China isn't doing borrowing and deficit spending to prime an economy. They have dollars to put to use, and they can either buy US Treasuries, or invest in infrastructure. Even if they're building infrastructure that there's not a pressing need for at present, I'd say it's far better than betting on US Treasuries for the long-term.
    8 Jun 2012, 03:08 AM Reply Like
  • Day Trader001
    , contributor
    Comments (675) | Send Message
     
    Cin,
    You are right on the money!
    8 Jun 2012, 06:07 AM Reply Like
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