You didn’t really think the market’s roller-coaster ride was over
already, did you? This week’s headlines could have been recycled from
last week. We’ve seen another bout of volatility triggered by more
worries about weakness in China.
If the current worries of global investors could be summed up in a
single question, it would probably be, “Are things really that bad in
China?” An answer is elusive at this point even the government in
Beijing may not know for sure. But without that information, no one can
confidently predict where the market’s bottom might be.
The U.S. and global economies have been caught in a slow-growth rut for
several years now, and with the rising concerns about decelerating gross
domestic product (GDP) gains in China, there’s little reason to think
the pace of expansion will start climbing any time soon.