Commodity sell-off affects zinc & lead
Post by Melissa Pistilli, Resource Reporter
Lead Investing News reports investors are off loading lead & zinc metal commodities at a faster rate despite the passing of the financial bail-out by US legislators.
The bailout plan adopted by the House to aid banks and investment houses in America is no longer viewed as a cure-all by investors. Many analysts feel that the bailout will not stop the flood of market problems: they are not secure in the US government’s ability to administer the plan effectively. According to Dan Genter, Chief Executive Officer of RNC Genter Capital Mgmt., “Everybody thought that the bailout was a panacea. But it’s not. It’s a tourniquet that stops the bleeding so the patient doesn’t die right away”. These gloomy assessments of the stock market crisis and the resultant bailout plan have frightened already-nervous investors.
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