Vinny’s Blog

Now here is a reason for US market to turn around. But it’s too early..this is just an agreement as I understand it.

China to allow investment into U.S. stocks, funds

Negotiators conclude pact to expand QDII program

By Chris Oliver & Steve Goldstein, MarketWatch

Last update: 11:31 a.m. EDT April 7, 2008

HONG KONG (MarketWatch) — China banking and securities regulators signed an agreement with their U.S. counterparts Monday that will help to lay the groundwork to enable Chinese investors to buy and sell U.S. stocks and mutual funds.

http://www.marketwatch.com/news/story/china-agrees-let-banks-buy/story.aspx?guid=%7B6F5A6292%2D0E2C%2D4AB3%2D8501%2D52DABC307E99%7D&dist=TNMostRead