china rejects vale plans to send bigger ships, page-9

So what will helicopter bernake do? Confirm to congress that the US economy is weak, he needs to keep interest rates at low low levels for another 2 years. Or telling congress he is going to open the printing presses again in QE 3?

I don't know how either of the above can be considered economically positive. After my guess on tuesday got thwarted I thought I just keep quiet and carry on profiting from FMG... But the bulls/longs just amaze me with the ridiculous glass half full attitude.

Yes FMG can rocket to 5.2 tomorrow and I will enjoy the chance to short it while I can at the overvaluation. I don't know if FMG will go up again tomorrow, the market seems jittery ahead of Friday job report, especially after Wednesday's dissapointing ADP job report. Oh wait, you probably don't read those since you just rely on China to keep on expanding and buy more iron ore.

I don't know what is going on with the world these days, a government telling everyone they have an imminent deal coming... 2 weeks ago or more??? Europe killing the future of their youths with sky high unemployement, and will keep on at it with the hysterical stance on austerity. China PMI is mixed at best, if you take good look at the details import/export dropped like a stone. If you believe the HSBC china PMI, china is contracting at the same pace as december. I don't enjoy profiting from doomsday scenarios, but the world politicians are just so... incompetent. Oh look aussie dollar at 107c USD :)