Tuesday, January 17, 2012

Chinese Data Comes In Weak, So That's Good For The Markets?

The headlines on some media entities today: "Stock index futures rose on Tuesday as investors looked to corporate profits as earnings season picks up and Chinese data fueled the belief the government may move to stimulate growth".

"China's economy grew slightly more than expected but at the weakest pace in 2-1/2 years, suggesting the government may act to increase growth in the near future."

You can't make this stuff up. Weak data, therefore, it's good (!?).

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