start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

2/20/14

Forward looking statement

Another sign that this miners' market has changed is the way in which bad quarterly results are getting shrugged off and stocks rising whatever happened in 4q13. "Well that's normal", you may say, "that's how the stock market works" and in general I'd agree, but 2013 for the miners saw them being whacked on their earnings report days due to what had just happened, not what they expected in the months to come. The action of the past week is that of a sector that's looking forward once again, which is what it's supposed to do when feeling healthy. 2014 is not 2013.