The issue with Canada is still going on and doesn't help. England motorway will take a while before it becomes fully accepted.
On the bigger front
There seems to be a move away from highly geared companies. Any rise in interest rates will compound the problem. THe rising Aussie doesn't help either.
And also MIG is a typical defensive stock so with everyone getting carried away with bullish forecasts of around 5 GDP for the US people getting on faster growth stocks.
Type of selling we have been seeing in MIG is instos trying to reposition. The charts do no look too flash either.
Having said all that, if MIG gets within my range of 260 - 280 I will be buying.
Just my thoughts
getting shot down??
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