MF Global Daily Report: Base Metals (Aug. 15, 2011)

Aug. 15 (MF Global) -- This market comment was written at 8:25 a.m. on August 12th, US east coast time...

The schizophrenic week on Wall Street continued in full force yesterday, with the Dow Jones Industrial Average closing up by more than 400 points, this after a 520 plunge on Wednesday, a 430 point gain on Tuesday, and a 635 point collapse on Monday. For the moment, it seems that the equity correlation with base metals remains pretty much intact, much more so than energy, which has been showing more signs of divergence, particuMF Globallarly over the last two days.