BARRY: Yes, I believe commodity prices are bottoming. Copper, the benchmark, peaked at $4 in May, and is now $1.60 -- a 60% fall.
Oil is in the 50's from a tope of $147, but that is more open to cartel manipulation.
It can go as low as OPEC is willing to tolerate. So far members have been united, but in the past, countries such as Venezuela have broken ranks and gone for greater volume at a lower price, rather than reduced volume at a higher price.
Future earnings can be tricky, and analysts can get it wrong. Which is why companies either come in over or under expectations.
However, as I said, they have been revised downward based on current assumptions.
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408 | 123546 | 40.000 |
14 | 4106 | 39.990 |
20 | 9220 | 39.980 |
10 | 20717 | 39.970 |
Price($) | Vol. | No. |
---|---|---|
40.130 | 800 | 1 |
40.140 | 990 | 1 |
40.160 | 7018 | 1 |
40.170 | 658 | 3 |
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