A falling "copper" knife - Freeport-McMoRan (FCX)

"Buy When There's Blood In The Streets" - Baron Rothschild. 

Ouch, the current turmoil in commodities (i.e. oil, gas, gold, copper, etc) is painful to watch. My holdings in this sector is down 30-70% and the bottom is nowhere in sight.

One of the biggest loser so far is Freeport-McMoRan Inc (NYSE: FCX), a natural resource company primarily in copper.

Recent slowdown and worries in China's economy has contributed to lower copper prices because they are the main consumer (~40% global demand).

Unless we see some some stability in China and global energy prices, this will continue to be a painful commodity stock holding.

Basic info:

Market CAP: 12.9B   EPS: -$6.38   Dividend %: 0.05 <== dividend cut!