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Strategies & Market Trends : Ask DrBob

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From: chichi2	12/4/2008 9:00:51 AM
	of 100058

ReflexContinues MajorMoves Comments for 12/03 by Chi2 siliconinvestor.com ============================================================== "Beige book" posted by Bob3 siliconinvestor.com ============================================================== 12/2 Commentary: Update by thechartpatterntrader.com Maurice N. Walker (Excellent detailed charts and extensive commentary update) in parenthesis by George, who posted this. "Prices are selling off for a couple of reasons: 1) The collapse of China's purchasing managers index, which isn't getting the media attention it deserves as Larry Kudlow nailed it yesterday. 'The real source of today's stock market plunge is a collapse of China's purchasing managers index, which fell to 40.9 in November from 45.2 in October, its fourth straight monthly drop. Inside the index, export orders fell significantly. All of this suggests big cuts in China production, employment, and investment, including infrastructure investment.' Larry is one of my favorite economists! In my opinion, he has on of the most brilliant economic minds on Wall Street today, and I love his show on CNBC." For detailed charts and extensive commentary: stockcharts.com ==============================================================

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