Commodity stocks are declining this year amid a global market sell-off. Does the drop signal a global recession or a buying opportunity?
Mike Dudas, Metals, Mining and Construction Analyst at Bear Stearns joins the panel for this conversation. Following is a synopsis of his main points.
--In talking to the companies he covers (mining, construction names), Dudas says they haven't seen evidence of a global recession. In other words, they haven't seen fundamentals changing for the worse.
- The move down in commodities, infrastructure, machinery and utility stocks in recent days suggests that investors are selling first and asking questions later.