RE:Prepare for a severe market correction coming in January.
Random thoughts...
Goldman Sachs predicted the S&P to be at around 4400-4500 by the end of next year. IMO we'll see a similar pattern as in the 2nd half of 2021. Stocks get hyped up and then end up at >50% of their high. In all sectors but particularly in tech. Endless examples this year.
Mining might be different unless metal prices come down, which I doubt. So if CNC comes down and breaks through the support, it will create some nice opportunities.
I recently put some money into BHP, as it seems to have found a bottom and is marching up nicely. Also for a nice dividend and my bet that they will be CNC's partner. Unless:
Mark has a change of heart and finds a financial partner all the way through to the FS. Wouldn't be the worst thing either.