Citi's Ivan is short on IO. Last time he was interviewed on...

Citi's Ivan is short on IO. Last time he was interviewed on Bloomberg, prices shot up a week later. When someone is making big bets against commodity and hopes to make money, someone else has to lose that money. You generally find 'people' taking the other side of the bet to balance the game.

There are plenty of signs for a turnaround -

The current falls in share prices is based on belief that data from China is cooked and things are worse than what is being said. However, we are seeing articles that suggest that books aren't completely cooked.
http://www.ft.com/cms/s/0/cb446e10-6057-11e5-97e9-7f0bf5e7177b.html

Even Citi which is short on IO and is forecasting falls says that IO dynamics won't change for couple of months.

Next, you have the TPP - http://www.copyright link/news/worl...minent-reach-says-andrew-robb-20150926-gjvq2n

Further down the road, we have China FTA and FMG is looking for investment partners. I wouldn't focus only on IO price predictions.

I think we are going to see volatility until the first rate raise, as big money tries to convince the Fed not to raise rates.