Paddler: It beats me, the best I can figure its the slowdown in the Chinese economy. Both steel and coal are getting hammerd, and the rails are the primary transporters. Thats also why I went long on CLF, its been beat up as far as I think it will go and it looks good for the long term. I wish I would have bailed on GWR,CSX and NSC last week, I'm down a ton for the month but they were all home runs as I got in in the spring of 09.
Jim LOng and calm