The powerful uptrend line from the 2008 bottom in commodities and commodity currencies have both...


The powerful uptrend line from the 2008 bottom in commodities and commodity currencies have both been broken at the same time, notes Barclays technical guru Jordan Kotick. It suggests to him the post-2008 recovery is over.
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Comments (4)
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    It wasn't really a recovery…just the effect of huge injection of $$$. The underlying economic issues remained. Debt and defaults need to happen and be cleared before the economy (anywhere) can recover. The constant recapitalization doesn't fix the problems…just staves off the result for a while actually making the situation worse.
    26 Sep 2011, 10:16 AM Reply Like
  • kmi
    , contributor
    Comments (4684) | Send Message
     
    Recovery on the production side is all it was, consumption never recovered.
    26 Sep 2011, 10:23 AM Reply Like
  • User 487974
    , contributor
    Comments (1101) | Send Message
     
    Wow!
    You just came to that conclusion?
    All on your own?
    Now tell the idiots at CNBC the stock market has been broken since the July high's!
    We are heading for the waterfall here folks!
    2007 is about to replay, the 2009 lows will be retested!
    Jerry
    26 Sep 2011, 01:48 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    Will be worth watching for possible buy at much lower prices.
    8 Oct 2011, 07:53 PM Reply Like
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