RE: Chicken Little''''s are out in force nowQuotaion from:
"Credit Crisis Deepens More Nasty Tripwires Ahead"
“Trader Tracks had previously forecast dates on cycles and time for a global economic crack-up. We expected manageable problems with Plunge Protection Team interference through May, 2008. At that date, it is possible the Dow could suffer a 3,000 point haircut on several negative events in the first two quarters of 2008 confirming an American recession (it actually started in spring, 2007). In fall of 2008 after the Olympics, China and Japan sink into severe recession (Japan has been now officially pronounced in recession). In fall of 2009, the USA joins the group with a major market smash. We had forecast fall 2009 as the beginning of a global depression after an economy wrecking, hyper-inflative event sometime in 2008. Now new indicators tell us it all might arrive even faster.” – Traderrog
Some people are selling because they see NG's outcome as a negative for the whole mining sector. Others are selling or holding back buying because they think the world may/will go into a recession, and reduce demand for commodities. Yet with inflationary forces only accelerating, there is little value of going into cash or staying in cash. At some any asset will be better than cash - even SWN.