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Peabody Energy Corp. Message Board

  • dlhild@ymail.com dlhild Jun 5, 2013 3:33 PM Flag

    Perhaps a 50% correction is coming...

    2001-02: 50% correction.

    2007-09: 50% correction.

    During each of these periods we had an overvalued market that then got hit with a recession. Next recession, probably not distant in time, then BOOM, another 50% correction is likely IMO. When this happens BTU's will be at $12, perhaps lower. No reason to rush to buy this, or anything else now. You can believe in the Fed if you wish, but the Fed didn't save the day in the above two instances did it? Nope.

 
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