It has been hard to make sense of the market for the past few months as every dip gets bought. Even though there have been times when it seemed everyone was bullish, we have not seen a substantial correction.
This morning, Bloomberg is reporting that the Chinese sovereign wealth fund, CIC, is asking the Chinese government for another $200 billion. Last we heard CIC had over $150 billion in cash that was unspent. Have they already used up that money? Last week, the Chinese complained about bubble blowing, but wouldn't it be ironic if they were the ones causing the bubble.