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Stocks in the materials space are among the weakest performers, as miners and steelmakers weigh...

Stocks in the materials space are among the weakest performers, as miners and steelmakers weigh following hotter-than-expected Chinese inflation data. Among non-precious metals: WLT -5.8%, CLF -4.3%, CENX -9.2%. Also, BHP Billiton (BHP -2.6%) and Rio Tinto (RIO -2.9%) were both downgraded to Neutral from Outperform at Macquarie.
Comments (10)
  • Stone Fox Capital
    , contributor
    Comments (6056) | Send Message
     
    kinda crazy to make such daily reactions. Inflation wasn't that high.
    11 Jan 2013, 02:27 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    It was due to extremely cold weather. Mostly food items. I see it falling back once cold weather settles.
    11 Jan 2013, 02:31 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    Also, if scam street aka wall street does not do fear mongering, how can fraud funds aka hedge funds make money. Last year, on average, HFT based funds had 45% return.
    11 Jan 2013, 02:32 PM Reply Like
  • agmao
    , contributor
    Comments (5) | Send Message
     
    Do you have a reference for that 45% number?
    11 Jan 2013, 05:04 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    It was a video interview in Bloomberg. It was with reference with few hedge funds run by Paulson who lost 20% or so.
    11 Jan 2013, 05:41 PM Reply Like
  • Vince Martin
    , contributor
    Comments (619) | Send Message
     
    And the average hedge fund was WAY behind the S&P 500 (something like 14% for the index, 3% for global hedge funds). "Fear mongering" has nothing to do with HFT, so if you think manipulation is occurring for the sake of hedge funds, why are they trailing the broad market so badly as of late?
    11 Jan 2013, 06:14 PM Reply Like
  • cfb5006
    , contributor
    Comments (71) | Send Message
     
    The extremely cold winter has got to be burning through their coal stockpiles.
    11 Jan 2013, 02:36 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    Does wall street rely on facts. I guess not. It works on fear mongering.
    11 Jan 2013, 02:37 PM Reply Like
  • Nelson_Lai1975
    , contributor
    Comments (31) | Send Message
     
    How does that correlation works ? higher inflation means paper money are getting worthless faster, so why metal are losing money then ?
    11 Jan 2013, 07:59 PM Reply Like
  • weeeeeeeeeee
    , contributor
    Comment (1) | Send Message
     
    Inflation => Interest rate rises => Economy slows => Demand for raw materials falls
    14 Jan 2013, 03:22 AM Reply Like
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