Not much going on over in Europe today as most of their indices are near flat for the session. There is a Bloomberg story here that trys to explain todays action, and another Bloomberg story about a Bankia debt infusion, but overall nothing too exciting.
One thing interesting today out of China is that they may revive-their-cash-for-clunkers program. Although all the details are not out yet, it should help the auto industry there as well as possibly helping importers such as F and GM as well as all the suppliers.
More importantly, it could be saying that China is willing to do whatever it takes to keep the country running at full speed and could be hinting at further stimulus in the near future. THAT is something that will not only juice Chinese shares and get the Shanghai Composite moving up aggressively, but it could also signal a more risky environment for US shares.
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