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  • James A. Kostohryz
    IF it were true that market is off to day due to China lowering of growth target then that's a problem. This is REALLY old news.
    3/5/12
    Reply (9)
    • James A. Kostohryz: $SPY $FXI $FCX The official lowering of China's growth target is something that has been known for many months -- a year or so.
      3/5/12
    • Paulo Santos: It's not just the target, the February non-manufacturing PMI at 48.4 is probably more relevant.
      3/5/12
    • James A. Kostohryz: Could be related to Europe: Greece PSI; low PMIs in Germany, elsewhere. If due to China, sign market looking for excuse to pull back.
      3/5/12
    • Tom Guttenberger: China cutting their GDP target a bit is probably good news anyway.
      3/5/12
    • Paulo Santos: But some things happening in China really aren't good for basic materials, I've been talking about it for a while.
      3/5/12
    • James A. Kostohryz: Paulo, I agree that there are some warning clouds in China. Just pointing out that the lowering of the official target is not really news.
      3/5/12
    • Tom Guttenberger: I've read and enjoy many them, Paulo. I have my doubts about how much it actually deters them from buying hard assets though...
      3/5/12
    • Tom Guttenberger: I am seeing it as a positive from a trade imbalance/systemic risk perspective.
      3/5/12
    • mitrado: Isn't the focus Spain? Back to the bankruptcy club, for the first time since September... :-/
      3/6/12