Registered: Mar 2002
10-31-12 05:07 PM
I've covered this briefly in my journal, but I think the idea is worthy of a separate thread.
"David Einhorn Is Shorting Iron Ore"
"Einhorn calls iron ore a bubble: report"
"How business decisions are made in a boom: Fortescue Metals edition" (Monday, June 4, 2012)
If Einhorn's prediction of $80 came true, then this would mean massive declines in share prices of the relevant stocks, and even some bankruptcies (eg. see Bronte Capital article above).
Industries to consider:
iron ore (eg. Fortescue)
steel (eg. AKS)
coal (eg. JRCC ANR ACI)