Man, every jorno/news outfit has their own take as if they really know what they are talking about.
From reuters re ftse monday session:
"Miners were the worst hit, knocking about 38 points off the index, on concerns of slowing global demand and worries that recent merger and acquisition activity may come to nothing, traders said." ==> wtf?
So now its the M&A causing the resource sell off?
Or was it the hedge funds sector rotating and swapping their shorts ?
Or was it because resources 'over-performed' relatively?
All this while banks capital is evaporating and their prices are cruising and commodities are going through the roof (gold, oil, copper up today also) and mining shares are treated like they've got cancer.
I'm confused.
Somebody please explain this...
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