RE:RE:RE:A survivor I agree that the near-term outlook is grim. The thing to remember is that the global slowdown in construction is real and it has done terrible things to all investors in commodities sector. Nearly all of the industrial metals, indeed all commodities other than perhaps the precious metals and clean energy materials producers, are in this same storm that coronavirus has exacerbated as a new unpredicted negative factor. Some of the producers will not weather this.
I see no potential at all for immediate upside, but I see reasoned selling at big losses to raise cash that can be put to work in profitable areas such as utilities and precious metals. For investors who have kept no dry powder, the only way to recover losses is to get dead money out of that hole and put it to work where gains are probable. That forced selling may drop a few survivor companies to such absurd lows that they are worth buying into for sizable long term gains if/when the slowdown reverses..
Doing that is admittedly dangerous; success does depend on picking the survivors, and misjudging on such buys means a complete loss. A while ago I asked on this board if anyone thought TV could drop to a U.S. dime. Responses indicated opinions that would never happen. We will see. That is the "absurd low" level at which I might be tempted to take the dangerous risk because I think TV can be one of the survivors. They've come through this kind of storm before.