Stop Underestimating This Turn in China

Stop underestimating this turn in China already. China was the primary driver of so many stocks, even as it might not have been a primary driver of the actual earnings. For example, Caterpillar (CAT) doesn't have all that much business in China, but it is the place that was most over-inventoried. Cummins (CMI), on the other hand, is all about China growth. So if you overlaid one on the other, you would see that Cummins is all about a model that can be blown out because of new, environmentally friendly diesel engines. Who knows how high this thing could go if the 12-liter Westport Innovations (WPRT) engine is to be used?