People tremendous overlooking end of quarter profit taking
The "media" focusing on "china" and "Bernanke" comments. In my opinion, aside from interes rates up 10% in the last two weeks, you also have a perfect time for funds to take some profits off the tremendous rise so far YTD. But people will be looking for stocks that can do well for them come q3 and q4 for the end of the year. Hard to find another company that is going to make 1.5B in revenues and 120M in profits in the next 6 months.