It’s all good today for the iron ore miners, though I’m not sure why. BHP and RIO are roughly even and FMG is up several percent, perhaps with the dollar down. Or the news that FMG is cutting executives to save costs, though hemorrhaging leadership staff was never a good sign in my book. Here are the comparative indexes:
The idiocy spreads are again narrowing and the moron cross is complete with BHP falling faster than RIO, though I accept it needs to be renamed given the oil crash and will drop it henceforth:
Advertisement
The junior catafalque is festooned with a string of new lows, with BCI and ARI sinking once more: