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Mix Europe's pullback from the abyss with pent-up capital pouring into the beaten-down materials...

Mix Europe's pullback from the abyss with pent-up capital pouring into the beaten-down materials sector, and you get huge spikes in economically sensitive companies. Alcoa (AA +9%) adds $1B in market cap today, as investors pounce on shares that had shed 34% YTD. Other big winners: DOW +8% despite a disappointing Q3 report, FCX +8.7%, DD +5.5%.
Comments (1)
  • Dalrymple Finance
    , contributor
    Comments (50) | Send Message
     
    Where is all this "pent up capital" coming from?
    27 Oct 2011, 03:58 PM Reply Like
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