I suspect that Jessie would have shorted this a long time ago, he mad 100 million in the crash os 1929, five years later he was broke and killed himself.
That's what you call trading on extreme margin, and drinkinh too much, I like how he made and lost four fortunes and had four wives, you know, when the going gets tough the women get going.
Was 'it' the little red gremlin with the long tail and horns?
China is stimulating; the U.S. will likely get QE3; Europe is reducing interest rates and printing money: the end result of all this stimulus is GROWTH. Energy needs increase. Coal isn't going anywhere. And viable clean coal is the future of energy and closer than you realize. The price of coal spiked and needed to correct (or over correct); the winter was too warm and natgas is plentiful and cheap-for now. BTU at a double bottom. Buy high. Sell low. What is wrong with this picture?