RE: Xstrata job posting for Hackett. You can add the following that was not expected by all those that sold SBB:
"The G20 is racing to line up massive international resources worth nearly $2 trillion - including existing and new funds - possibly by late April. That would help to draw a line under the financial crisis that erupted in 2008 when Lehman Brothers collapsed, spawned the deepest U.S. recession since the 1930s and now has engulfed Europe's deeply indebted countries. It would mark their boldest move since they ploughed $1 trillion into their economies three years ago to combat recession. Many advanced economies are still flooding markets with cheap money to combat weak growth and prevent financial contagion."
Those "new funds" are freshly printed fiat currency. Probably much of that $2 trillion will be new funds or freshly printed money. And what were some expecting just a few months ago? Massive deflation due to the anticipated collapse of Greece? So they sold. Well, there isn't going to be this massive deflation; in fact, the exact opposite. Dough!! So now what? Sit on the cash as more is about to be added to the system - and watch its diminished value diminish even more? The lesson here as has been said so many times by so many people for so many years is: DO NOT FOLLOW THE HERD. The herd always moves on misguided emotion. By fluke it manages to get it right from time to time as a consequence of random results, but it is wrong more often than right.