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Nucor – Gasp, a Commodity Company – Raises 3rd Qtr Earnings

Wall street estimated earnings were at $1.92. Management guided 3rd quarter earnings UP to range of $2.15 – $2.20.

Global growth is not dead. Its easy to think it is given the 24/7 “news” on TV, but the reality is that there are still buildings being built, roads being constructed, railroads being installed.

Hang in there. This is one of those times that requires Chruchill-like nerve in the face of what is widely believed to be true, but will ultimately be proven to be the march of the lemmings over the cliff. Grab the nearest tree, we are hanging on and will ultimately be proven right.