I don't doubt the Lithium story, but have to wonder at what we'll trade at if the DOW goes to 5k or something... 1929 could come again.
Really just pondering anyhow, it begs the question considering what I've been reading.
Not only is the US Fed raising rates, but at the same time, they are no longer going to buy the bonds they are holding. Those start falling due at the end of this year (10 years after 2008 crisis started QE1). It's like double tightening.
That small 600 point drop took a good 6-7 cents off us (conservatively).
One has to wonder what a big decline would look like for miners like AVZ - I have no doubt there'd be nowhere to hide. I'm just wondering is all.
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I don't doubt the Lithium story, but have to wonder at what...
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