Reading all the negative posts here makes it pretty obvious that hardly any of you were around in 1987, or even 2008. What would you do if you woke today to hear that the Dow was down by just over 4000 points? That's exactly what happened in 1987, - overnight, literally. Think about it. 23% loss overnight. Our market would drop by over 1000 points today. With a total buyer's strike. I was in the market then, I'm still here.
If that happened you would really have something to be negative about.
In the GFC FMG hit $1.17. And its been at its current level three times in last five years. So what's the big deal? It has recovered every time and made a lot of money in doing so. Yes, I know, - this time its different, yawn......
FMG Price at posting:
$2.74 Sentiment: Buy Disclosure: Held
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