Investors welcome China's market moves
The country may expand some programs that allow foreigners to trade. Is it a sign that Beijing wants stocks to go up?
"NEW YORK (AP) - Stocks edged higher on Wall Street after a rally in retail stocks offset concerns about flaring tensions in Washington over increasing the country's borrowing limit."
American retail is dead. The stores are filled with Clearance Racks and Cashiers... no customers. A "rally" is apparently "code" for desperate attempt to keep something up that died a long time ago. No wonder the gun fanatics and NRA are on their hind legs and all tightassed... the tab is due and there are no more indentured consumers to pay it. Don't look now, but a balk on the Debt Ceiling increase and Credit Downgrade means wealth will be writing checks. Since they are "all in" this rigged gambit, the shares will be liquidating o'plenty. What's in your wallet? Bet it's not.
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These ETFs are benchmarked to extremely out-of-favor foreign markets that most investors would quickly pass over. Whoever said being a contrarian was easy?
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