my two cents, I think the hedge funds are rotating out from oil,...

my two cents, I think the hedge funds are rotating out from oil, commodities (sugar, wheat, copper, etc) for the short term and back into the financials and equity.

I do not subscribe to mining boom being over - check out Canada, Brazil and as for China - people are harping that the economy will slow down - yes maybe one or two quarters because they need to time to start up their industries in Sept/Oct.

For the long run - I think China will zoom ahead (growth to stay at least 9%) - I think whoever watched the opening ceremony for the Olympics - knows at what length China will go to promote its prosperity. Apparently, China spent about $50 billion for things associated with the Olympics but this is peanut compared to the amount that they will spend on infrastructure going forward.