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WILL CHINA LEAD US OUT?

China was the growth engine of the 2003-2007 bull.   Their market was the first to deteriorate substantially and now, after a 73% peak to trough decline, the Hang Seng is showing signs of stabilizing after a series of higher lows.

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Many investors believe the U.S., being the epicenter of the storm, will lead  us out, but I don’t think so.  I think China will be the first to recover and the U.S. will lag.

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