Why BHP Billiton Limited’s share price collapsed today

BHP Billiton Limited’s (ASX: BHP) share price has continued its rapid descent today with shares falling another 3.7%, compared to a 0.7% jump for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO).

With the miner’s share price now hovering below the $19 mark for the first time since 2008, BHP Billiton has no doubt caught the attention of investors looking for a bargain. The problem is, the shares could well have further to fall.

Unfortunately, there is no one factor pulling BHP Billiton’s shares lower. Of course, the primary catalyst has been crashing commodity prices which resulted in an enormous contraction in…

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