Before You Sell, Remember China
You want your whole screen reversed? How about if China cut rates this weekend? What would that do to Caterpillar (CAT), down 12 straight points? You still want to sell Joy Global (JOYG), down 24% year over year? Still want to dump all the oils like everyone else? You think Freeport-McMoRan (JOYG) is still a good short at $37?
We are in a heavy "China off" moment today, and people have decided that because oil is down, the world must be weaker. They are taking their cue, too, from the weak durable-goods numbers and from the decline in the price of natural gas....86 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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