The Rising Influence of Rising Affluence

[DewDiligence]

There will be a time to invest in the IO industry, but it isn't now nor has it been since it was 1st brought up on this board.

That’s the kind of revisionist history I’ve come to expect from you, jbog.

I first mentioned CLF on this board on 5/14/09, when the share price was $20-22. From then until the middle of 2011, the share price quintupled to $102.

Yes, I’ve lost a lot of money on CLF during the past 18 months, but I made a boatload of money on CLF during the two years before that. (Ditto for VALE.)

In short, your statement highlighted above in bold-face type is very wrong.