iPoint (iPoint.cz)
World markets  |  March 21, 2013 11:41:39

Tom McClellan: Markets on the verge of a larger correction



iPoint.cz

Price developments on copper and General Electric shares determines that the market faces a bigger correction. In an interview with CNBC said noted analyst and publisher of the financial report, McClellan Tom McClellan.

While equity markets in the U.S. trading close to their historical highs, copper prices are creating new annual minimum. "Copper is behaving more sensitively than the stock market. Indicates that investors invest a little more emotionally charged in the ongoing secondary trend and do not allow for the fact that the markets could go down. Copper tells us that investors in the short term, probably wrong, "said analyst noted and commented that the copper price trend recorded since 2007 better performance than financial assets ...

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