Wednesday, February 6, 2013

China looks good near term

Next month if the PMI falls below 50 perhaps we’ll wail and gnash our teeth as others are doing with the 0.2 decline month-on-month in this number, but until then we’ll simply say that China’s economy is moving 'from the lower left to the upper right', albeit modestly,” Dennis Gartman, editor of the Gartman Letter said.