Market wisdom says that resource stocks lead the market and drop significantly 6 months ahead of a recession.
Back in 2000 BHP and the other miners dropped sharply around mid January. 3-4 months later we had the dotcom crush.
This time financials started the decline and resource stocks follow.
If a recession comes this time, BHP will drop to around $22.
However, this time the sharp drop in BHP's price may have been accelerated by the talk of an expected higher bid for RIO.
Any views?
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B |
Open | High | Low | Value | Volume |
$42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
176 | 109821 | $41.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.80 | 17792 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
173 | 108479 | 41.750 |
10 | 39186 | 41.740 |
7 | 9431 | 41.730 |
7 | 38881 | 41.720 |
13 | 9155 | 41.710 |
Price($) | Vol. | No. |
---|---|---|
41.800 | 17792 | 2 |
41.830 | 3000 | 1 |
41.850 | 750 | 1 |
41.870 | 1700 | 1 |
41.920 | 5200 | 1 |
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