Hi gang,
2day DJIA chart
also a snippet re China/BHP etc
".BHP Billiton, Rio Tinto, Newcrest Mining, Fortescue Metals and Iluka were down 1.2%-3.2%, after China's unofficial manufacturing data hit a four-month low
and official manufacturing data for the euro zone hit a three-month low, according to figures released Thursday.
"For all the China bears it's worth noting BHP has fallen from A$48.00 to A$34.00 on fears of slowing Chinese GDP (gross domestic product) growth,"
said Bell Potter managing director Charlie Aitken in a report.
"In my view the noise from the China bears is as loud as the noise from the Europe bears back in October, what they don't realize is their concerns
are already priced in by the equity markets and the greater risk from here is a relief rally in China-facing assets, particularly the big miners.
It genuinely is contrarian now to be a believer in China and big mining stocks."
DYOR
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