15 days of gains taken out on average volume in just 2/3 of one day.
That's brutal. I do not think I've ever seen a 4% sell off this quickly on an otherwise regular day of trading on the indexes and without bad news causing the drop. Bought this morning well after the opening, and still getting pounded. What the "F" is up?
Either someone knows something and is not telling, or this is one of those selloffs which for no reason happen,and is a good time to buy. I too bought some at 60.30, but didn't expect is to go down that much further. Haven't seen any bad news for JOY. Maybe itsabuy will be right and there is a rebound tomorrow.
Inventories of Copper are way up, and caused Copper to drop today, along with other commodities. The drop off of Copper does not bode well for mining as such. That would be part of the perception...affects both CAT and Joy.