Shanghai takes another drubbing, loses 4.3%.
Ok when the world (read:guys on wall street who have never been to China) is pinning there hopeson China to grow us out of this mess and then China has a 20% stock market correction in about 2 weeks the thesis starts to be questioned. The China drop is pushing our futures down $8 bucks this morning. Treasuries are well bid advancing a little more than a full point this morning - the Bears are getting there groove on in the early goings.
Cubs lose again last night, but luckily so do the Cardinals - uggg what I wouldn't do for a 5 game winning streak and a chance at the MLB playoffs, and then I dare say it a shot at the World series - sorry its early my brain is foggy - Im talking nonsense, all that bearish talk , Cubs- World series.
Time for some coffee.
JB
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