Thursday, February 4, 2010

Market Quickie: Copper Confirmation

Copper prices have now confirmed the market slowdown suggested by the inventory build. The spot price dropped through $3 /lb today. Stock markets also sagged, and are down substantially from mid-January highs. This is increasingly looking like the dreaded "next leg down." Tickers to keep an eye on: PSQ, DOG and the like, plus SMN and BOM. At least, I've got my eye on them...

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