And the good news is that Glencore thinks that the valuations on publicly-traded resources companies are fairly attractive because of the recent plunge in global equities markets.

FORBES: Commodities: What Is the Smart Money Doing?

At Ockham, we currently have a Fairly Valued or neutral rating on JEF, as it traded within its historically normal range of price-to-sales and price-to-cash earnings as of our report to start the week.

FORBES: Jefferies Could Become New Lehman Or Bear On The Street In A Good Way