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RE: Early Market Update and a Look at Doctor Copper.

in #market7 years ago

Hey, I didn't know Copper is an indicator for the rest of the market until today.

I've worked in Detroit Diesel engine manufacturing years ago. I was told then that the orders for their engines was a bell weather for the whole economy.

It broke down as people order products, so need trucks to deliver, companies order trucks, so need engines to build trucks, so companies order engines. Before the economy went bust in 2008, orders for engines reduced and eliminated, orders for trucks had reduced because people started ordering less stuff. This was amazing to me.

Now, I see copper as another indicator. Thanks for opening my eyes a little more.