CLF is holding up rather well during a period where one would expect heavy tax-loss selling. (The share price is off 34% from its 12-month high.) This bodes well for CLF’s share-price performance in January, IMO, provided that there are no unpleasant pre-announcements regarding 4Q13 earnings.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”