Copper Sends a Troubling Message
The total collapse of copper worries me. I am confident that our country can weather a ton of pain, certainly more than Europe. But we need to see China cut and cut and cut, and the decline in copper tells me that the 50-basis-point cut in China last night was a drop in the bucket.
This is a total breakdown of copper, and I think that it is a terrific predictor of world economic activity, as more than 35% of it is used by China....107 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
