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Dr. Fly
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The Commodity Sector is Being Dismantled Today

Dr. Fly Wed Dec 2, 2015 3:21pm EST 5 Comments

On the back of a strong dollar, waning demand from China, and worsening debt/eq situation, commodity related stocks were pummeled today.

Shares of CLR, CXO, FCX, WLL and many others fell by 5% of more.

According to data provided by Exodus, the median drop in the basic material space was upwards of 2% today. Over the past month, stocks are down 7%. For the year, Jim Rogers’ bow tied has been bojangled to the tune of -29%

Exodus

I went long FCX after Icahn stepped in. The stock surged to $13, shortly thereafter, and has almost been cut in half since.

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5 comments

  1. Marc David
    Marc David
    December 2, 2015 at 3:23 pm

    I wish my coffee cost $.50

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  2. blahblahblah
    blahblahblah
    December 2, 2015 at 3:28 pm

    i love a sale

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  3. it is showtime
    it is showtime
    December 2, 2015 at 3:32 pm

    Oh gee how could this happen such a surprise trying to conceal my shocked expression

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  4. Dr. Fly
    Dr. Fly
    December 2, 2015 at 3:40 pm

    STFU

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  5. activiststocks
    activiststocks
    December 3, 2015 at 10:36 pm

    Commodities is where generalists go for a good raping.

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