scare mongering

It's articles like these that generate panic in the market.

http://www.news.com.au/business/story/0,27753,24145898-462,00.html

I have never read a bigger pile of dribble in all my life.

"Now the supply side is responding, and many think there will be a surplus of iron ore at some point in 2009."

This journo has either been talking to the wrong "experts" or clearly has no idea. None of Rio, Vale or BHP's new major expansion plans even come on stream by 2009... so where is all this "surplus" iron ore coming from??

The sheep affect is well and truly underway sadly.