Ore will not go below $120 for any sustainable period, and CLF is way undervalued at $120 or higher. Buy and hold. At $140 for the latest quarter the beat should be substantial. Look what happened to the Solar stocks over the past year when the analysts were crying about China capacity. I'm sure they made a bundle scaring the weak hands out.
The analysts will soon figure out the impact of the mortgage slowdown that WON'T be offset by net interest margin gain any time soon. I suppose they are letting clients take money off the table before the downgrades officially hit. That's the way the game is played.