China Kangtai Cactus Bio-Tech Inc (fka CKGT)

[pappy]

Yes I was speaking about Chinese stocks but also stocks in general which had almost a 10% correction.

The major index rally has been mainly a shift from small to large cap stocks for safety reason. But the overall market trend remains down in my opinion.

Who knows what reason the overall market will use for starting the next advance.

I was looking for about a 10% correction which we just about reached so the next move could be up unless the market decides to sit here for a while or maybe extend the correction to 15%, not likely in my opinion as earnings season is upon us & maybe the key to the next advance in China stocks.

I think the key to getting the major index back to bullish mode is for unemployment to stop going up which is telling us consumers can't be counted on to spend more than they have been spending.

I believe the unemployment tick back up is a product of the cold weather effecting construction work & better weather should remedy that.

But just how fragile this recovery has been is starting to become obvious to many like I that have kept a high amount of cash even while buying more of some of my favorites as they drifted down as a stronger stock market is just around the corner for stocks with continued good results.