The US cracks me up!First they are all on a high about how good...

The US cracks me up!

First they are all on a high about how good this will be for their exports and they charge out of the blocks for a 140 point gain, then all of a sudden someone says, what about our imports they will get more expensive, so down she goes into negative territory.

IMO I don't think the US know what they want at all. This indecision shows me that they have no idea where they want to be and how they are going to fix their debt problems.

The thing that I thought was interesting was the gold sell off. Doesn't this revaluation make gold more affordable in China? I would have thought that since China's gold reserves are comparably low that this would be a great buying opportunity to increase reserves but also a chance for the people to buy gold.

As for us, well our exports will increase as our products become more affordable thus seeing more job creation. I see this as a huge positive for our economy as China gets more purchasing power.

The only problem is that we are a bunch of sheep when it comes to Wall St. Watch our market give back the gains for no reason.