Of foreign lands, like the greek deal had ended our obsession with whats happening overseas, were suddenly back in the soup bowl over again, but it a with china. The true proximate cause of the selloff. S p plummeting 1. 07 and the nasdaq losing 1. 12 . Yep, the idea that theres big trouble in not so little china based on so some weak chinese orders and the stock market that we know is being propped up by the communist party, thats what lay behind the carnage. Its breathtaking by the way. It has us thinking something evil does lurk in china and china, some think it can take the whole world down with it. Its short term top in our markets at least until we get some clarity on what is going on over there. Thats not so easy. I have no idea what the real situation in the peoples republic and neither does anyone else and maybe not the people running the country. Thats the new emperor has no clothes theory. The vast majority thought that china was slowing. The totalitarian government will exe