Doubt it, Cramer says China soft landing is baked into the current price. The only thing that could rock the market is negative outlook from financials and massive problems in the European stress test.
Well, a lot of "traders" that have more money than me allegedly went short into the commodities today, according to Cramer and Fast Money dingbats. However, I think Adami is long FCX and believes the GDP and CPI will be indicative of worst case scenario already.
I don't trust this market, but I do believe in this country and the eventual need for resources if we are to ever climb out of this.