Miners (FCX)(X)(AA)(BHP)(BTU)(SLW) Getting Crushed Today on China Slowdown Fears

Fears concerning the possible slowdown in China has hit mining stocks overall, including majors like Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), United States Steel Corp. (NYSE:X), Alcoa, Inc. (NYSE:AA), BHP Billiton Ltd. (NYSE:BHP), Peabody Energy (NYSE: BTU) and Silver Wheaton Corp. (NYSE:SLW).

Also getting hit hard were fertilizer companies, including Potash Corp. (NYSE:POT), Mosaic (NYSE:MOS), Agrium Inc. (NYSE:AGU), CF Industries Holdings, Inc. (NYSE:CF) and Market Vectors Agribusiness ETF (NYSE:MOO).

This is of course the weakness of over-reliance on China, as how the country goes, so goes most providers of raw materials and commodities.

While there obviously must be a big exposure to China, there also must be an expanded strategy of reaching out to numerous markets to ease the pain when China's economic pain emerges, as it appears to be now.