This morning futures are up.
China is showing major signs of life in its manufacturing sector. China is the manufacturer for the world. This resurgence is adding credibility to the notion that the world economic crisis is easing. After all China has to sell its stuff somewhere and if they have orders for more of it...
China's resurgence will give a big kick to shipping and raw materials.
And GM - given the kiss of death, they file for bankruptcy today. Too bad GM did not recognize what we knew years ago - that is America needs to produce sturdy fuel efficient cars. The 50's are finally over.
Reuters: Futures sharply higher after China manufacturing
"With uncertainty about GM's future lifted and China leading the way to an assumed global economic recovery, investors are increasingly getting the warm and fuzzies toward the equity markets..."
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