From Financial Sense
"The big X-factor for the stock market in the coming months will clearly be China. During periods when any of the major weekly or yearly cycles are bottoming and the market is vulnerable to a correction, there’s always a news headline event that serves as a scapegoat for the market’s weakness. Last year the scapegoat was Greece and the eurozone debt crisis. This year the void will be filled by China’s slowing economy.
Underscoring the growing worries over China, Tom Orlik wrote in the March 26 issue of the Wall Street Journal: “Markets fear a slowdown in China’s factories. They should also be concerned about possible government instability.” He went on to explain that China’s real estate investment showed no growth from a year earlier and that export growth slipped to 6.8% from 14.2% in the fourth quarter of 2011."
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