ffej wrote:When the world economy is good, cooper is used to build a better world, when the world economy goes bad, copper is used to build a better war....Just my humble opinion.
and when the world economy is idle or slowing, the price of copper declines.
be very careful when a you investment strategy and Cramer's advice are aligned.
personally i tune out all mainstream media. besides the questionable ethics of guys like Cramer and publications like Barrons and Forbes, a reason for this is a human instinct called confirmation bias. Confirmation bias is a human tendency to give disproportionate weight to things with which we agree. so if you want to invest in copper, and hear someone like Cramer recommend it or a publication like Forbes, then it will reinforce what you think is a good idea. you'll tune out others who disagree with your view.
it also works in the opposite direction. many here understand real money and how the government actually operates. this information conflicts with years and years of misinformation held by those we come in contact to. when you try to explain this stuff to them, their defense mechanism rejects it. its actually threatening. its quite common for them to lable you a nut.