by Greg Guenthner
Don’t call it a comeback just yet…
Crude rolled over as soon as the stock market opened for business yesterday. It plummeted nearly 4% by midday.
Base metals also took a beating. Copper dropped nearly 3%– while mining stocks coughed up all their recent gains.
See a pattern emerging?
The market’s big winners from the past couple weeks are getting hit with some serious profit taking. Traders are getting out while the getting’s good.