Posting after a long time

A post after a loooong time, Markets at a crucial point. S&P500 is at 980 has been the lined in sand for many times since 1998.
So while it looks like we will back off from here , I think markets will breakout and head higher eventually.
How high that depends on the data flow. But if 980 is captured convincingly then I think we can see 1150 pretty soon.
On the downside 940 is obvious support.
A lot is being talked about China, how it is going to lead us to enormous growth. India and Brazil too but most people focus on China.
I was watching TV and one money manager said according to figures from many sources , China economy is going to be equal to US in 2027 and bigger by 2050.
So I am posting 2 articles on which says China is going to lead us out of the recession and the other argues otherwise.
Both are from minyanville.com.
1.
Why China Won't Save the Day .
2.Three Reasons Why China Will Save the Day .

Good Luck.