We saw a blow-off in the US Dollar which has crushed commodities over the past 12 trading days.The pain seen yesterday signals to me that the Euro is oversold coincident with the call for new PM elections in June.The scare scenarios in the WSJ today about what the Greek choices are is like putting something on the cover of Newsweek.While BHP is bearish on steel and paring capex, FCX CEO is expanding capex and sees shortages by the end of the year.MCP of course is its own aminal and so far has held the Dec low - so you have to go with that
Say what? "Yesterday was the bottom"???? And you say your "clients" get a 5000% return? Somehow, I think if doubt that! LOL
Why yesterday was not the bottom:Because the stock has gone down today.
The slide is just starting. MCP will probably be one of the few stocks today that closes red.
how can you say the slide is just starting? have you looked at a chart recently? closer to the bottom and heading higher, imo.