just like every other commodity Iron Ore is also being talked about as being hammered.
once we start to see some confidence come back into the market then you'll see mostly all of the commodities like Iron Ore pick up again.
huge amount of money will pour into the emerging markets once we see some light at the end of the tunnel if not soon as Governments are throwing money at infrastructure in an attempt to kick start the economy
as usual the bears are just taking the opportunity to have there 5minutes of glory.