I believe that the markets are in good shape. TSX, ASX, DJIA, NASDAQ are very close to their recent highs or are only about 5% off of their recent highs.
Vale, Rio and BHP range from close to their recent highs to down about only 10%. Considering the volatility in commodity stocks, they're doing very well as a group.
We've had quite the run from the late 2008 bottom ie. BHP is up 200% and is trading at close to an all time high.
Sam
STB Price at posting:
$4.60 Sentiment: None Disclosure: Held