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Friday, February 12, 2010 5:27:50 PM
CHART OF THE DAY: Dr. Copper Is Telling You To BUY
Joe Weisenthal and Kamelia Angelova | Feb. 12, 2010, 3:11 PM
Of all the commodities, copper is frequently extolled for its ability to predict the economy, and as such its fans joking say it has "PhD" in economics.
Well, the industrial metal is earnings its tenure.
Not only did it clearly anticipate the turnaround in 2009, you could have used the copper selloff to anticipate the recent swoon.
And now copper is rebounding, while the market is heading down. Is this an opportunity?
Joe Weisenthal and Kamelia Angelova | Feb. 12, 2010, 3:11 PM
Of all the commodities, copper is frequently extolled for its ability to predict the economy, and as such its fans joking say it has "PhD" in economics.
Well, the industrial metal is earnings its tenure.
Not only did it clearly anticipate the turnaround in 2009, you could have used the copper selloff to anticipate the recent swoon.
And now copper is rebounding, while the market is heading down. Is this an opportunity?
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