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They got access to our insatiable demand and we got access to their un-ending supply of electronics, clothes, and machinery.
Now, for better or for worse, the Chinese and American economies are linked at the hip.
Sunday night, it was for the worse as the Shanghai sold off, it left a mess of U.S. markets on Monday morning. What’s worse – Shanghai shares are already down 10% from the highs – and some say headed for their own bear market.
As “de-coupling” dies a slow death, is there any way to untangle a U.S. recovery from an unraveling Chinese market?
Probably not, according to Amanda Drury of CNBC Asia. Don’t forget economist David Rosenberg has said, China’s Shanghai index has proven to be a leading indicator for the rest of the globe...it led the way down last Fall and led the upturn last November, she says.
What do you think? We want to know!
So, what’s the trade?
It’s probably a currency trade, says Joe Terranova. There’s also a strong correlation between the Shanghai index and Australia’s dollar [$$AUDUSD
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]. So when the Shanghai market shows jitters Australia’s currency tends to lose value.
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Trader disclosure: On Aug. 18th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (HD) Sept. Call, Is Short (HD) Aug. Call; Najarian Owns (HPQ) Sept. Calls, Is Short (HPQ) Aug. Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (PALM) Call Spread; Najarian Owns (TRLG) Calls; Najarian Owns (YHOO) Call Spread; Najarian Owns (BUCY) And Is Short (BUCY) Calls; Najarian Owns (INTC) And Is Short (INTC) Calls; Terranova Owns (AMZN), (STT), (MSFT), (KBHH); Terranova Owns (GOOG) Puts; Terranova Is Short (GOOG), (AVB); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Grasso Owns (ASTM), (BAC), (C), (COST), (PRST), (V), (WMT), (FAZ), (XLF)
NBC Universal Is The Parent Company Of CNBC
For Steve Grasso
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (MSFT)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NXST)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (ROK)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (TMK)
Stuart Frankel And Its Partners Own (TRV)
Stuart Frankel And Its Partners Own (XOM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of (ABD)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (SKT)
Virtus Investment Partners Owns More Than 1% Of (TNB)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (CLB)
For Brian Stutland
Stutland Owns (MDAS)
Stutland Owns (BAC)
Stutland Owns (SPY)
For Rich Greenfield
Pali Capital Is A Market Maker In (NFLX), (CSTR), (NWS.A)
CNBC.com with wires
CNBC.com with wires
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