Keeping this dog propped up. Don't worry, CLF will revert to the mean in time, whether that's 6 mos or 10 yrs. Only matter of time before it's back to $2. If you're short, do everyone a favor and stay short. If you capitulate after a 2% rise, please go away. You should withstand a min 50% paper loss..
If so then it foretells the sooner than later eventual peak in the overall markets. By all metrics the current market is the third most overvalued market of all time after 1929 and 2000. We're nearing the Market Cap/GDP ratio of 2000, the highest level of margin debt of all time - 2.2% or $330B, one of highest Case Shiller PE ratios of all time, corporate profits at 11% vs 6% long term historic average, white hot IPO market. We'll eventually see wide scale panic.
Not good people. When the next recession finally hits - and it will just like the prior 47 - commodities equities will be among the hardest hit just like we saw in '08/'09. Be ready to take profit before Wall St does.
It's truly remarkable to witness the retail investor on edge with one finger on the buy button the other on the sell button. This has been a phenomenal market but when the tide turns everyone better have a game plan for the ensuing panic...
Big discretionary consumer products are the first to get cut from the family budget. When earnings at companies like Arctic Cat are impacted it's time to be cautious and keep your eyes wide open.