Iron ore price, page-42808

It's early days yet but it would appear that the recent NASDAQ declines are signalling the rotation of capital away from the recent mania for companies and stocks which are overhyped, not well understood, and which do not make any money. This capital needs a home and stocks such as FMG, which actually produce real things and sell them at a profit while returning dividends to owners, are in the box seats to benefit from such capital inflows, imo..
All the hand wringing about IO reverting to $55, infrastructure investment tanking and the like is just so much hysterical nonsense. The world goes on, building and creating is what humans do, the economy goes up and down here and there and over time investors always come back to quality, income, profits, dividends and reality... All of which implies a pretty good year, and arguably next decade, ahead for FMG and all large commodities producers.