FMG 1.10% $19.76 fortescue ltd

Iron ore price, page-27673

  1. 3,940 Posts.
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    European countries and the UK going back into closing their borders and this will add to panic in the markets next week.

    My thought is less it all drop like a brick then come back when it levels out and pick up some bargains.
    Going to be another bad week and may run the entire month.

    February 18 may see FMG go up a bit but panic does strange things to markets even with good news.
    People will fear job losses and start saving again and selling any shares they have fearing that the market is going to fall very hard.

    Brazil in a mighty mess and may well take many years to come out of.
    Brazil basically bankrupt and no money for much of anything so the virus will ravage that country.

    China can only really buy from us now. Panic in markets the big unknown.
    Let the roller coaster ride begin.

    Think longer term.



 
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