Vale profits and signals cut to 2016 IO outlook, page-7

Everyone has been Wrong before about ..

IO supply/demand imbalances ...unexpected in 2011/12.
China growth direction....expected to stay over 8% in 2011/12
India growth strength.. unexpected until recently .
US housing recovery strength .. unexpected recovery so soon ..after GFC
Peak OIL ?? ..expected to be upon us all ..BY last Year ..in 2008 ??
AUD parity .. expected to stay there by many for many years .
LOW Interest Rates ..unexpected by many
Low Inflation .. unexpected by many
Gold predicted to go to $5000 ???

as IO supply leaves unexpectedly from a Market... in time buyer Sentiment changes to positive .