Following China

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Wed Oct 10th 18:01 PM | Rating: 0 0
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China May Implode, But Broader Impact Would Be Limited

When China faces it's "big correction", the US markets will definitely take a big hit (at least low double digits). Falling home builder stocks not affecting the stock market in general is not the right comparison, since as a contributor to the major companies' earnings, homebuilders are a smaller part than ever before. Most of market rally this year has been because of the exponential growth in American business because of Chinese (and other emerging economy) demand. Once the Chinese stock markets take a hit, the US markets will at least feel the pain. However, I would expect the market to bounce back after a temporary (possibly a few months)set-back, because while the chinese stock charts are unreal, the chinese economic growth is real and that is real dollars flowing into American company coffers. During the dot-com times, the stock charts "AND" the companies were unreal.
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