Incredible collapse in SP. From $15 to now below $1.40!! MS...

Incredible collapse in SP. From $15 to now below $1.40!! MS sector seeing downgrades from companies almost every 2nd day. This morning's ann from UGL sent another shudder through the sector. Now RIO is re-considering its expansion despite blowing 10BILLION on upgraded port and rail infrastructure. Surely that indicates lack of belief boom in China will/can continue. BHP continues to scale back. Many MS shares look cheap but macro is weak and likely to stay that way for ages.