The Chinese government regulatory changes will determine the correction in their market just like FED can effect ours.
The move up starting to look unstoppable as long as banking community pleads it is just a one time event RE 3Q writeoffs.
Only possible thing I see slowing economy is wary consumer continuing to put off non essential discretionary spending like they have since AUG. I been personally been hearing from a wide spectrum of business that sales are slow: dentists, plumbers and retailers for example besides housing and construction.
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