Copper prices

[Bill Harsey]

Originally Posted by Team Sergeant

OK, now if copper can be used as the "barometer of international business activity" what should we be watching as an indicator for US/global depression? (Today's stock market seemed to be a pretty clear indicator.....)

Democrats running our government.

[Constant]

Originally Posted by Bill Harsey

Democrats running our government.

I opened up the thread and only saw your comment and am cleaning up my coffee from the keyboard and monitor. Thank you, I needed the laugh!

[morolen]

Originally Posted by Team Sergeant

Thank you nmap. Coppers sharp decline now makes much more sense.

OK, now if copper can be used as the "barometer of international business activity" what should we be watching as an indicator for US/global depression? (Today's stock market seemed to be a pretty clear indicator.....)

h..p://www.timesonline.co.uk/tol/news/world/asia/article5139220.ece


Japanese women seem to be a good bet

[nmap]

Here's another index to keep an eye on.

Back in late 2000 and again in 2007, the S&P 500 got to a high level and then retreated. This has the appearance of a double top - and if the pattern forms completely, it suggests the markets will go lower.

Other averages don't show the pattern quite as clearly, so it is not definitive - but if the pattern completes, then it is more likely than not that we will see a drop of several hundred points. 450 is not impossible.

So, the question becomes - how does the pattern complete? At the link is an annotated chart. We do not want a Friday close below 762. I specify Friday because the chart uses weekly figures, so there is only one bar per week.

And, as always, the standard caveat applies - this is just my opinion, and it wouldn't be the first time I was wrong.

LINK

[nmap]

The Barron's Bond Confidence Index sank to another low this week - 45.3. The last time we were this low was during the late 1930's and early 1940's. I've attached some charts.

This suggests that any turn in the stock market or the underlying economy is months in the future - how far is impossible to say.

Yes, I know. I'm a ray of sunshine.

:D