re: the selloff is over
First of all Howard has nothing at all to say about interest rates....it is a sacrosanct part of the financial markets that the Central Bank has independence -- completely. So get that one straight, sorry to be so gruff.
Secondly, the economy is slowing and the US economy is really slowing. 80% of Rinkers revenue is from the US and the latest housing figures from there have raised the words -"implosion' etc in teh Wall Street Journal. \
I hold RIN but I reckon we have another dollar or two to fall. This last few days has just been a dead cat bounce that is all. Hold on for the ride....
RIN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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