Is “Dr. Copper” Foreshadowing A Stock Market Crash Just Like It Did In 2008?

• Is “Dr. Copper” Foreshadowing A Stock Market Crash Just Like It Did In 2008? 
  by Michael Snyder, http://theeconomiccollapseblog.com/ 
  Is the price of copper trying to tell us something?  Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next.  For example, back in 2008 the price of copper dropped from nearly $4.00 to under $1.50 in just a matter of months.  And now it appears that another big decline in the price of copper is starting to happen.  So far this year, the price of copper has dropped from a high of $3.40 back in January to a price of $2.95 as I write this article, and many analysts are warning that this is just the beginning.  By itself, this should be quite alarming to investors, but as you will see below there are a whole host of other signs that a stock market crash may be rapidly approaching.
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  But before we get to those other signs, let us discuss copper a bit more first.  I cannot remember a time since 2008 when there has been such an overwhelming negative consensus about where the price of copper is heading.  The following is from a CNBC article that was posted this week…
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  Cascading copper prices have multiple root causes that lead to one conclusion: The anticipated global economic recovery may not be all it’s cracked up to be.
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  Consequently, analysts are in virtual unison that the extended-term trajectory is lower for the metal often used as a growth barometer. Copper futures are off more than 12 percent in 2014 and 7 percent over just the past three days, though they rose less than 1 percent in Wednesday trading.
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  A slowdown in the global economy, forced selling by Chinese banks and technical factors have converged in multiple calls for more weakness in a commodity known by traders and economists as “Dr. Copper” for its ability to accurately make economic prognoses.
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  Of course there are some out there that are trying to claim that “this time is different” and that the price of copper is no longer a useful indicator for the global economy as a whole.
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  We shall see.
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  Meanwhile, there are lots of other signs that the financial markets are repeating patterns that we have seen in the past.  For instance, the level of margin debt on Wall Street just soared to another brand new record high…
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  read more!

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