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Citi Explains Why Mining Stocks Won’t Tank Like They Did In 2008
Aug. 13, 2011 02:30AM PST
Base Metals Investing Business Insider reports the mining index is down 23%.
Business Insider reports the mining index is down 23%.
The market news is quoted as saying,
Right now companies have better balance sheets than they did in 2008, valuations aren’t stretched, and China which had slowed down its commodity demand then has the capacity to re-accelerate now.
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