The Rising Influence of Rising Affluence

[DewDiligence]

CLF—With respect to the near term negative bias in the stock price, I for one fear that CLF will significantly reduce its projections for FY2012 in the upcoming CC next week.

Allow me to turn your statement around: If CLF does not significantly reduce its 2012 guidance when reporting 2Q12 financials on 7/25/12, the stock ought to be set up for a nice rally. I’ve been adding shares lately based on the long-term value proposition as well as the short-term vig described above.