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Friday, September 30, 2011

China's official PMI

September reading was 51.2 versus August's 50.9.

Doesn't seem like a number that would show a drastic slow down.  But that was also confirmed by the HSBC survey.

Who knows, maybe next month the fear of the slow down will be realized, or the month after that or the next month after that. Or maybe the markets don't give a rats ass of what any number says, and will sell off again next week "just because".

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