In the early half of 2011 the US experienced a period of optimism similar to the current one, it ended abruptly during the political impasses that occurred during the debt ceiling debacle. Everyone just knew the polticians couldn't be that stupid in holding the world to ransom, but they did.
The new question today is the new period of optimism will it be cut short by the political impasses that is plaguing the Eurozone today? Just keep these things in perspective.
The underlying problem for FMG in my view remains, the situation in China of historic high port iron ore stockpile (domestic iron ore stockpile is not monitored) and lower steel price. I am not suggesting FMG will collapse, it is simply beyond fair value.
In the early half of 2011 the US experienced a period of...
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |