China wants to curb growth plain and simple - who really knows whats going on there? No one - but they outwardly are saying they want to decrease lending. Our futures traded down to 1081 last night or down about 12 points but the buyers came in and the futures have clawed back to a much smaller loss of 2 points. Im not quite sure why but when am I ever?
Great earnings from AAPL and TXN last night. AAPL is a juggernaut - only negative was a decrease in IPOD sales - duh everyone has one or 5 in my house's case.
The china tightening of the reigns should hurt commodity and commodity stocks in my opinion.
JB
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