Nicksta...the hedge funds moved most of their short pozzies onto resources sector about a month ago. Remember, they (hedge funds) are usually one step ahead.
Whether or not you believe the resource party is over, the sentiment amongst hedge funds is that it is. Toyota is forecasting profit to be down 40% due to NA sales decline and slow growth in China. Looking at a broader picture, what does that tell ya?
Prepare of round 2 of this mess.
BNB
babcock & brown limited
