Nobody seems to be escaping the beating today that's for sure....

Nobody seems to be escaping the beating today that's for sure. Fair to say that a recession is going to hurt the likes of BHP significantly as with alot of other sectors.

Doesn't mean they aren't very cheap at the moment though and that people buying today aren't going to be getting a bargain. I'd say anyone who has been brave enough to buy today will be cashing in when the FED announces the next rate cut.