Steel Yourself For This

Second-tier steel producers are all getting the LBO/M&A goose. IPS is up 32% in the past two weeks alone, thanks to all the debt-financed dealmaking going on in the sector.
Click to enlarge
I don’t know about a depression dead ahead, but this is exactly the sort of action you see prior to important inflection points. [...]

This entry was posted on March 29, 2007 at 3:17 pm and is filed under Today's Markets. You can follow any responses to this entry through the RSS 2.0 feed.