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News  April 16, 2013  Tue 8:11 AM CT   Until yesterday's
stunner, a number out of China that was INCREMENTALLY weaker
always had an initially negative response followed by a more
positive reverberation that came from the recognition that the
Chinese government was totally on top of the situation and was
about to release a stimulus program that would knock your socks
off.  In other words, bad news was good news. Until yesterday.
Yesterday, bad news was just bad news. A GDP number under 8
percent meant that it is all over for Beijing.  Now, the irony
was lost on NO ONE. Instantly we heard "of course BLANK would
kill for that growth." And we also got plenty of people who were
saying, "They have the latitude to do something even bigger."
But we didn't get any follow-through, and the Chinese stocks
were pounded and then pounded again, and any commodity with a
China bid was just crushed.  TheStreet.com logoAll of this is
NOT reminiscent of 2008. At th