On mining

Since the end of March, the stock market has made a recovery. Leading the way have been mining and ...

Since the end of March, the stock market has made a recovery. Leading the way have been mining and resource stocks just as they led the market in the first half of 2007 - it's as if the credit crunch had never happened. It is a well-worn story as to why commodities are in such demand and why they continue to be. Manager presentations seem to have become more bullish recently than at any stage previously. Calling the top of any cycle is never easy. Recently the switch out of UK mid caps into large was a well publicised move every investor was contemplating but many were early and under...