Sunday, December 13, 2009

EUR and Doctor Copper

These are both very bearish signs for the US Equities Market.

EUR has clearly broken down.  Copper is on the verge.  60% of copper use in the US is in residential housing construction.  Don't forget China though...they are copper buyers.  However LME stockpiles are rocketing upward.

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Insightful and Useful Comment!