Replies to post #3428 on The Rising Influence of Rising Affluence

[wow_happens28]

Fitch Ratings warns Chinese banks

They snuck this story in on a Saturday. I think most of us have read how many new Chinese developments sit empty as there has been over expansion. Well, who pays for it? And our lamestream media has led us to believe that China is financially perfect compared to the rest of the world and can afford to buy all our bonds. Think again!!!

But, will this be a real problem or is it a bit over blown? I think it could add to the fear out there, but too early to tell with the info I got. Warren Buffet just plunked down $5 billion into BAC. He is the ultimate insider with all his political donations and political friends. He and Soros should not even be allowed to trade with the political inside they get. If Warren is not afraid, I'm not. Buying opportunities ahead, but maybe a few more scare tactics first.

Good post Dew about the 4 myths. I think a 5th myth may be developing with the China bank story.

China story>>>>>

http://www.chinadaily.com.cn/bizchina/2011-08/31/content_13281616.htm

GL ALL

[DewDiligence]

S&P 500 closes above 1,800 for first time ever:

http://online.wsj.com/news/articles/SB10001424052702304337404579213362199412366

The S&P 500 rose seven points, or 0.4%, to 1802, cruising toward its first close above 1800… Friday's session was quiet, with long-term tailwinds that have lifted stocks this year continuing to hold sway. An accommodative Federal Reserve, paltry returns on other assets such as bonds and steady expansion in corporate profits continue to draw investors to equities.