Commodity rout in Asia markets portends gloom in European, US markets later today

Discussion in 'General Trading Discussion' started by baudwalk, Sep 29, 2015.

  1. baudwalk

    baudwalk Senior Investor

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    It looks like the commodity contagion surging in Asia markets this morning will spread in a few hours to Europe and in less than 7 hours to the US markets. On Monday Glencoe Plc GLEN:LN (http://www.bloomberg.com/quote/GLEN:LN) took a 29% haircut, closing at $66., with a 1-year return of -78%.


    And Motley Fool asks the foolish (in my opinion) question "Is theye an opportunity for handsome returns in Glencoe. .." (http://www.fool.co.uk/investing/201...ore-plc-tullow-oil-plc-and-premier-oil-plc/)? I don't think so. The interaction of commodities and energy versus the Chinese industrial slowdown says, to me, anyway, stay away. There won't be a deep V-recovery here.
     
  2. baudwalk

    baudwalk Senior Investor

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