“Every bull market has a copper top” means that a stock bull market also features a high price for copper. “Every bull market has a copper top” has been cited in print since at least 2006 and is of unknown authorship.
 
     
Godlike Productions
Anonymous Coward
06/09/2006 01:31 AM
Re: Asian Stocks Set for Worst Week in 16 Years
I’ve read that every bull market has a copper top, when copper hit $4/lb was that it?
     
The Joo Joo Forum
Brio
08-03-2008
Re: Copper is worth too much.
I forget where I read it or who said it, but it was “Every market has a copper top” was it last winter copper hit $4/lb?
 
MarketWatch
‘Copper top’ could spell weakness for broad market
March 13, 2011|John Spence, MarketWatch
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“There is an old saying that every stock bull market has a copper top,” Stock Trader’s Almanac said in a note last week.
   
Spotlight on Financial Markets
Friday, 23 September 2011
Highway to the danger zone
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Copper has traditionally been seen as a predictor for the global economy.  Jeff Hirsh who runs the Stock Traders’s Almanac is quoted as saying that “every bull market has a copper top”. He also notes the top of a stock bull market has previously co-incided with the top in the price of copper.  Hirsch also notes that it could be time to start buying equities as markets have historically bottomed after this type of sell-off.
   
Minyanville
Commodity Prices Headed for a Huge Drop
By Erik Swarts Sep 30, 2011 2:40 pm
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You may hear the old market axiom, “Every bull market has a copper top,” used by various pundits in the financial media. And while there have been enough occasions for that dynamic to ring true, a broader perspective toward the long-term commodity cycle should be introduced in the discussion for greater context.