Let's assume the worst with China's growth. What would happen if china's GDP measured in at 0%? Brian Wesbury, an economist at First Trust discussed raised the question in one of his latest video posts. He notes that we currently export .7% of our Gross Domestic Product (GDP) per year. Hence if China stopped growing and buying our imports our GDP would fall by only .7% to about a growth rate of 1.8% per year. He also notes that this would only be a one time hit against our growth number. He admits this is rudimentary economics. But the point still is valid. We do not need China to keep growing.
Our take, is market corrections are very normal and needed to keep a market healthy. When investor sentiment becomes to bullish we become prime candidates for a market bubble. We believe company fundamentals still indicate growth opportunity in US and Internationally. If you have "extra" funds to invest for the long term. This could be opportunity knocking!