one of the other contributing factors is that manufacturing is projected to slow even further- the data coming out of the US is suggesting further slowdown between 2nd half of 2012 to 2014
No growth means demand reduces - we know china has slowed and their problem is that they tend to stockpile - so they have surplus to requirements and they export 20% to US - the overall resources sector is not in good shape so best thing to do is sit on sidelines unless you like risk-- THE OTHER ISSUE WITH companies sitting on good resource is funding is slim and very limited
MMM
AVB Price at posting:
4.9¢ Sentiment: ST Sell Disclosure: Held
