will this be the new reason for a 3 to 4 % hair cut Wed?
out on the wire tonight:
"TOKYO (Reuters) - Asian stock markets wobbled on Wednesday, while the dollar took back some ground after the latest reading on China's manufacturing activity showed activity slowed to an 11-month low in July as new orders faltered and the job market darkened."
The press and short tards are really funny. China's big slowdown is to 3x the growth rate we hope to have here in the U.S. over the next 12 months.
China is going to be just fine, Chanos schmanos on china real estate and CAT. To here him on CAT last week, you'd think the stock was going to drop to 2008 level of high teens. Instead, it takes a mild dip, retracing a few days of recent gains and back to the 35th percentile of the 100 D ema