Copper Almost Back To Flat (JJC, FCX)

Copper is almost back to flat on the day, which is a remarkable turnaround considering the tremendous sell off we're seeing in equities

Shares of the copper ETF JJC and Freeport McMoran FCX have paired all their losses, and are now slightly positive on the day.

This is a stark turn around from earlier this morning, when copper was down over 1%. The industrial metal, which is extremely important because its used in every facet of economic growth, has fallen from around $4.60 per pound in the early part of month to around $4.20 per pound today, which is a 10% correction.