BHP (BHP) (DVN) (CLF) (APA) (EGN) Pressured Down Today

BHP (NYSE:BHP), Devon (NYSE:DVN), Cliffs Natural Resources (NYSE:CLF), Apache (NYSE:APA) and Energen (NYSE:EGN) were pressured down today, along with the broader market, as concerns over whether the European Union can even survive in the midst of the seemingly endless sovereign debt crisis in the region, as socialistic practices prove to be unsustainable and countries like Greece refusing to take practical steps to cut spending, even though they assert they do.

In Italy, it appears there could be mass protests as the country is forced to implement austerity measures as well, as the progressive, socialist disaster continues to unfold.

In America, Obama is slowly being forced to cut back on his socialist agenda as well, although he did get his debt ceiling raised, as Democrats and Republicans caved, even in light of the European crisis, which should be teaching anyone with a brain that you can't continue to spend.

This is of course not being acknowledged because big government, in general, and its promises of taking care of its people from cradle to grave would be found to be a lie, and actions would have to be taken to stop similar protests as are growing in number and magnitude in Europe.

Commodities and commodity stocks have been weakened by the announcement from the Swiss National Bank that it'll fight to weaken the franc against the euro very aggressively.