We get whacked upside the head and the pain the house of pain. Can be excruciating by stocks even if its masked by the placid averages as we saw today. The dow slipping 48 points and the s p. 22 and nasdaq declining 1. 9 and boy did it feel worse than that. For some stocks there was no escaping china whatsoever even though the Chinese Market rallied yesterday, we got news out of bmw that was extrapolated with negative pin action. Quite upsetting. To quote a reuters headline, worsening Chinese Market could hit forecast. The article goes on to say that bmw which happens to be the Worlds Largest luxury carmaker warned on tuesday that the financial forecast for this year could be at risk from any further deterioration in the Chinese Market where theyve begun to fall for the first time in a decade, end quote, such as bmw thats squawking while the stock market really ails. Audi, good company. Worldwide sales leader said the same thing not that long ago. Ford and gm, we know theyre struggling
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