"Dr. Copper" is sending an ominous signal to the equity markets. After hitting a high in early...

|By:, SA News Editor

"Dr. Copper" is sending an ominous signal to the equity markets. After hitting a high in early April, the metal has taken a hard turn south, and with today's hammering has led stocks very near, if not already into, bear-market territory. Metals strategist Jeff Hirsch takes this - along with weak manufacturing data out of China - as a sign of impending global recession, and forecasts financial markets capitulating over the next few weeks as investors begin to panic.