Dr Copper
Hmmm, copper’s down - buy more copper (and brass, and lead....)
Does that mean the scrappers will put back the wiring they stole in my barn?
So far the markets are saying “so what”? If the end of QE didn’t tank the markets why will any other indicator? Look at the weekly chart for the DOW and it is still above long term support. What we have seen so far can be chalked up to a normal correction.
I am not saying this because I am advocating getting into the market. I’m just trying to assess reality and am thinking I need to reject all my former bias. Formerly I rejected momentum investing and believed in looking for value. You know, dumb things like PE ratios. But apparently I was wrong. PE ratios mean squat. There is some other dynamic I just don’t get moving these markets higher.