According to Kevin NorrishofBarclaysCapital, the rapid price crash of 2008, when pricesfell as farasduringthe Depression (but over fivemonthsrather than fiveyears), was anoverreaction.
According to KevinNorrish of Barclays Capital, the rapid price crash of 2008, when prices fell as far as during the Depression (but over five months rather than five years), was an overreaction.
KevinNorrish of Barclays says that short positions in copper (ie, those betting on a price fall) are their highest in two years, a sign that hedge funds may be expecting a global downturn.