What a stupid comment! If Fed start to taper, it means economy is getting stronger and
there will be more demand for iron. Funny thing is FB made $0.19 for this quarter and went up 25% (or look at AMZN today) on the other hand, CLF made over $1 only up 7%. This market is irrational.
You keep dreaming and keep losing money shorting CLF. You got an IQ of 69. They are beating the estimates for the last 2 QTRs and keep paying down the debt . Their cost of producing IO is about $67 and current price of IO is $132.. You do the math.. They will also beat the next QTR's earnings too... cnx,. you better take out a big HE loan to pay for your loses.
Yeah..."unstable" when it fell from $100 twice in the last few years....probably "unstable" to the point where it will go BACK to $100 in the next couple years....!!! Besides, Fed tapering & interest rate rising hurt bonds more than stocks...stocks traditionally stay ahead of inflation....nice try, shortie....
What does bonds yields mean to equity zero . I have been in the bond business for 30 years you know nothing. My guess is you were a shorter and 15 16 17 or 18 and not from 70 65 or 60 . Thats ok stay short and wait and wait and wait if you think 10 is coming have a good weekend i am going for a walk