correction continues

China is trying to deflate the real estate bubble. The probability of a successful soft landing is no more than 50%. Obama is trying to rein the spending on one hand and to stimulate the economy on the other hand. But his hand is tied because it is a election year. The market is going to range-bound this year as I suggested before, so does commodity. I believe crude oil is going to trade between 65-85 this year. When it trades around 70, I will start to buy some oil producers.