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Ugly chart of the day, from Doug Kass: Copper is not confirming the recent rally in stocks to...

Ugly chart of the day, from Doug Kass: Copper is not confirming the recent rally in stocks to the upper end of the Aug.-Sept. trading range. Unless Dec. copper can recover and hold 3.50, Kass says, then industrial metals will point much lower as the global slowdown spreads. ETFs: JJC -6.6%, IYM -3.5%. Stocks: CLF -7%, FCX -5.9%.
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