It is easy to declare the worst is over for Mining Services, a once highly popular segment of the share market

It is easy to declare the worst is over for Mining Services, a once highly popular segment of the share market. Many companies in the sector are banking on a recovery in the second half of 2014. But what if spending drops dramatically in 2015? And again in 2016? I remain of the view the underlying trend for spending on mining projects remains to the downside, just ask the likes of BHP Billiton ((BHP)) and Rio Tinto ((RIO)). In my view, it would be rather imprudent to assume things can only get better from here, simply because the share market (always a short term focus) is suggesting this might possibly be the case.