nycDem

Coal and Steel Stocks Take A Hit

Greg, thanks for that great post. I agree with you, although I haven't looked at the specific data driving today's sell-off. However, based upon my research over the last few months, the coal story is very much still intact.

As an example, ACI is expected to grow at nearly 40% year-over-year for the next five years. (2nd qtr earnings are due on July 23rd).

Today's drop was pretty dramatic, but I will be surprised if we don't bounce back in short order.

I agree that this is a buy signal, but the market is pretty high-strung right now so I'm going to wait to see what happens tomorrow. We could get another down day.

Coal and Steel Stocks Take A Hit

Uh...SDIMGR, that article you cite is a year old.