Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Patriot Coal
So what: Not only is the overall market down substantially today, but coal miners are down significantly as economic concerns worry investors. There's also been a slight decrease in European coal prices and a massive outflow of 10.5% of shares from the Global Coal Portfolio ETF over the past week.
Now what: Put all of that together and Patriot Coal is sliding along with coal giants Peabody Energy
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