[theDentist]

what was the impetus?

[tsmith130]

Started in China on fears of Chinese and US market over inflation. Seems like a good time to buy...but then again, I know nothing about the stock market.

[paul51]

what was the impetus?

The market dropped on speculation that the market would drop

[NC28203]

>>>what was the impetus?

A lot of factors.
1. Chinese market dropped 8.8% today.
2. Durable goods number indicated Q1 growth not growing as fast as we thought.
3. Concerns that downward reivosions of 4Q GDP that will be released tomorrow will come in less than the consensus figure of about 2.5%
4. Strength in the Yen is raigin concerns about the unwinding of the carry trade.