Steel Stocks Warn Of Recession To Micro-Cap Biotech Investors
Captivated by the allure of Keryx ( KERX ), I raise this question: Why would a micro-cap biotech investor like me look to the steel stocks? Simple, for the same reason investors look at Apple ( AAPL ) and Google ( GOOG ) to gauge the market's direction. I'm looking at U.S. Steel ( X ), AK Steel ( AKS ), and Nucor ( NUE ) to clue me in on where the market is heading.
Sidebar: Apple has been treading water not just because Steve Jobs is stepping aside, but because the global picture is ugly; after closing at $403.41/share on 26 July 2011, Apple has twice bottomed to a close of $353.21/share on 8 August 2011 and $356.03/share on 19 August 2011. Likewise, Google has been losing altitude from a $622.52 close on 26 July 2011, then dipping to $490.92 on 19 August 2011. Rabbit trail: For the sickening fun of it, Goldman Sacs ( GS ) fell to $106.51/share close on 22 August 2011 from $175/share on 14 January 2011. Throw in Bank of America ( BAC ) that closed on the same 14 January 2011 at $15.25/share, but closed on Friday, 2 September 2011 at $7.25/share despite the Warren Buffett bail-out. And forgive me, but Jim Cramer's favorite Citibank ( C ) after raping investors in a reverse-stock split recently fell to $26.06/share close on 22 August 2011. If you ask me, the financial sector looks like the proverbial frog sitting in a pot of water with the flame underneath turned up on high.And what about U.S. Steel, AK Steel, and Nucor? They are starting to look like junk yard dogs. And yes, I'm concerned when the fall-out will hit micro-cap biotech stocks. Steel stocks are the infrastructure of America's roads, buildings, and bridges. If these backbone stocks of America's economy take a beating, it won't be long until micro-cap biotechs get pounded.
Before the 2008 market collapse, U.S. Steel closed at $191.96/share on 25 June 2008; Nucor closed at $82.07/share on 16 May 2008; AK Steel closed at $72.89 on 20 May 2008. But trouble was coming. By 16 March 2009, U.S. Steel closed at $16.88/share; on 20 November 2008, Nucor closed at $25.52/share; AK Steel closed at $5.45 on 2 March 2009. While since that time, all three steel stocks recovered to some degree from their lows, it's unnerving if you consider how hard they all fell on 22 August 2011: U.S. Steel fell to $25.58/share; Nucor fell to $31.48; AK Steel fell to $7.70/share. What am I suggesting? Simple, these steel stocks exemplify how anemic the U.S. economy is, and I think are representative of the early frost of a wintry recession. Which then means for micro-cap biotech investors that new lows could reappear since the market first dipped in the autumn of 2008, and later in March 2009.
Allure In Ak - News
Captivated by the allure of Keryx (KERX), I raise this question: Why would a micro-cap biotech investor like me look to the steel stocks? Simple, for the same reason investors look at Apple (AAPL) and Google (GOOG) to gauge the market's direction.
To face east for Turkey is to face a sea of troubles — but there is the allure of all that trade and the vision of a greater global role. Before the Syrian rebellion, Turkey thought it had found a way to square the circle. Its famous “no problems”
Muzaffar's break had to be complex: against colonialism (which was the easiest departure), against bourgeois-landlord nationalism (which was considerably more complex given the allure of Gandhianism) and against capitalism (which was harder in a
soldiers with AK-47s and RPGs, and Nigerian Alpha Jets flying bombing runs overhead. As someone who has always loved music, my first real exposure to African beats in Sierra Leone planted in me a permanent allure for sounds of the continent.
V najnovšom čísle mesačníka Allure laškuje s objektívom ako ostrieľaná koketa – zvodný pohľad a vnady von! Nemá čo skrývať! To, že svojím dekoltom privádza mužov do hotového šialenstva, nie je ani pre samotnú Salmu nijakým tajomstvom.
Las Vegas Real Estate Blog: Allure closing out units
Allure Las Vegas is closing out its remaining condos for sale. Originally slated as a two tower project, completed tower one still has brand new condos available for sale. Located just footsteps off of the strip on Sahara, Allure's tower is 41 stories offering views of the world famous Las Vegas strip and the city. Residents are within walking distance of the strip and everything it has to offer.
Allure In Ak - Bookshelf
In Cold Blood
With the publication of this book, Capote permanently ripped through the barrier separating crime reportage from serious literature.Democracy in America
DEMOCEACY IN AMEEICA. INTRODUCTORY CIIAPTEE. AMONGST the novel objects that attracted my attention during my stay in the United States, nothing struck me ...In defense of food, an eater's manifesto [additional copies -- 2]
Cites the reasons why people have become so confused about their dietary choices and discusses the importance of enjoyable moderate eating of mostly traditional ...Democracy in America
A French aristocrat's account of the ways in which democratic ideals were applied in America during the nineteenth century.A Wrinkle in Time
Meg Murry and her friends become involved with unearthly strangers and a search for Meg's father, who has disappeared while engaged in secret work for the ...Everyday Walkthroughs Directory
Big Hair Alaska | Beauty | allure.com
Plus, Wine for Your Skin and Botox For Your Bladder in This Week's Alluring Links ... Is TLC becoming Alaska's public access station? First, they bring us Sarah Palin's Alaska. ...
Welcome to Allure Spa and Hair Design
Home Page Premier Spa and Salon
Allure Day Spa and Hair Design - Anchorage, AK
12 Reviews of Allure Day Spa and Hair Design "I've only ever been here to get my brows waxed... I get them done by the same girl every time and I love her. ...
Allure of Alaska
My 'Allure of Alaska' series is the product of a visit to Alaska and the Yukon Territory ... In my painting, a familiar trek for the Mother Grizzly and her three ...
Allure Day Spa & Hair Design (Allure Day Spa & Hair Design ...
Allure Day Spa & Hair Design company profile in Anchorage, AK. Our free company profile report for Allure Day Spa & Hair Design includes business ...