What's the deal w/ US Steel? From 190 to 66?

why in the world are people pulling money out of commodities when the market is tanking?
ags? people still have to eat
oil? gold? where else can an investor put his money if these don't do well in times like this
I unserstand steel bec. overall growth is slowing down
 
Quote from newtothis:

why in the world are people pulling money out of commodities when the market is tanking.
ags? people still have to eat
oil? gold? where else can an investor put his money if these don't do well in times like these.
I unserstand steel bec. overall growth is slowing down
More...

I have no idea why they are, but you can look at the numbers and see for yourself that facts are facts.
 
Quote from Happy Hopping:

I want to short this guy. I've watching since they have that sharp drop from 190, I've been waiting for it to bounce since. But what's w/ this co.? how can they fall that much, it's like there is no bottom?

And why on earth is it dropping by that much?
More...

china and india no longer exist so there is no more demand for us steel, no demand --> equilibreum price goes down, supply meets demand at a lower price
 
Quote from Brandonf:

I have no idea why they are, but you can look at the numbers and see for yourself that facts are facts.
More...

what do those who as you say are pulling money out of market doing with that money then?
 
Quote from newtothis:

where else can an investor put his money if these don't do well in times like this
More...

If you're a long term investor and you're invested in fundamentally sound companies that have pulled back in a bear market, just give it a few years for recovery. We made our first stock investments in our IRAs back in 2000. We never knew what a serious drawdown there was in the accounts during the 2001-2003 recession and recovery, because we never looked at them. We made our long term investors in sound companies and that was that. Probably would've had ulcers had we watched our stocks during that period :p
 
Quote from Little Joey:

what do those who as you say are pulling money out of market doing with that money then?
More...

Getting ready for some option ARM real estate.
 
You must log in or register to reply here.
Back
Top