Another huge drop in the POSX leads to another big day for CDG, CDS and the mining shares. At some point, the POSX has to have an oversold bounce...right? RIGHT? When it does, it will be interesting to see how far back the PMs fall ahead of what will be a massively-important BLSBS report on Friday.
But it's not just America driving the bus here. China was on record yesterday regarding massive new fiscal stimulus plans and Germany joined that party today. The POSX fell, regardless, and this, when combined with surging copper and falling crude, set the stage for a very solid day...
