Markets are good at telling you what the real story is. Watching price is not like listening to someone tell a story since people place their own filters on the information they receive and then filter it again for public consumption. People tell themselves what they want to hear and what they think will be palatable to others.
We continue to hear how China and their insatiable demand for everything will save the world and us in particular. Who else are we going to sell dirt to and then buy it back as a tv if not the Chinese.
The funny thing is the Shanghai Composite doesnt seem to be singing the same tune at present……
I wonder why?
http://seekingalpha.com/article/1030481-the-cracks-in-the-great-economic-wall-of-china?source=email_macro_view&ifp=0