Like everyone else I'm very unhappy & very out of pocket on FMG...

Like everyone else I'm very unhappy & very out of pocket on FMG & other Fe stocks. However (& maybe I'm just being a desperate optimist?) but, taking a broader view I see several things that may indicate a lift in Fe prices. APEC has meant a close down of heavy industry in and around Beijing (like the Olympics) so world leaders can see the sky not suspended particles in the 'air', that talk fest wraps up shortly. Secondly, China has announced a massive stimulus package which should mean more steel thus more demand for Fe. thirdly, India has announced a massive national capital works program which again = demand for cheap Chinese steel which = demand for WA Fe, fourthly the US economy seems to be gaining momentum (particularly following the GOP wins in the recent mid terms) and the $US is rising thus imports are getting cheaper & most imports these days come from China thus more production in China. In the case of FMG, output is now well in excess of 160mt, so even a $5/tonne increase leads to an $800m increase in revenue whilst production costs move down the cost curve and debt is retired. In summary, I'm battered but optimistic of short to medium term improvement.